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Canterbury Resources Ltd (ASX:CBY)

ALERT: Price-sensitive ASX Announcement for CBY
Current share price for CBY : $0.048 0.007 (17.07%)+
Announcement
Release
21 Jul 2026 11:03AM
Price at Release
$0.041
Full Release
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Summary
Canterbury Resources Limited (ASX: CBY) reported its quarterly activities and financial results for the period ending 30 June 2026. The company focused on exploration projects across Australia and Papua New Guinea, notably the Briggs and Peenam projects in Queensland and the Morobe project in PNG. Financially, the company incurred a net cash outflow in operating and investing activities, mainly due to exploration expenditures and acquisition of tenements. The report outlines continued efforts in geological assessments and drilling programs, with pending commencement of a 2,000m drilling program at John Hill. The company is engaged in joint ventures, notably with Alma Metals and Rio Tinto, facilitating exploration funding. No mining production or development was reported in the quarter.
Key Points
  • Canterbury Resources Limited's quarterly report for period ending 30 June 2026.
  • Focused on exploration projects in Australia and Papua New Guinea.
  • Briggs and Peenam projects in Queensland, and Morobe project in PNG highlighted.
  • Net cash outflow due to exploration expenditure and tenement acquisition.
  • Pending 2,000m drilling program at John Hill.
  • Joint ventures with Alma Metals and Rio Tinto provide funding.
  • No mining production or development in the quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.