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Codrus Minerals Limited (ASX:CDR)

ALERT: Price-sensitive ASX Announcement for CDR
Current share price for CDR : $0.024 -0.002 (-7.69%)+
Announcement
Release
31 Jul 2025 8:55AM
Price at Release
$0.026
Full Release
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Summary
Codrus Minerals Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 30 June 2023. The company provided updates on its projects, particularly highlighting ongoing exploration activities at its Silver Swan South, Karloning Rare Earth Element, and Red Gate projects in Western Australia. Codrus continued to progress exploration at these sites, including mapping, sampling, and planning for future drilling campaigns. The report also outlined corporate activities such as the completion of a placement to raise funds, the company’s cash position at the end of the quarter, and expenditure details in accordance with ASX listing rules. No mining production or development activities were undertaken during the quarter, and the company remains focused on exploration and the advancement of its projects.
Key Points
  • Quarterly report covers activities for Codrus Minerals Limited for the period ending 30 June 2023.
  • Exploration activities were carried out at Silver Swan South, Karloning Rare Earth Element, and Red Gate projects.
  • Project updates included field mapping, target generation, and planning for drill programs.
  • A placement was completed during the quarter to raise additional funds for exploration.
  • The Appendix 5B cash flow statement details the company’s cash flows and expenditure for the quarter.
  • No mining production or development activities occurred during the quarter.
  • The company closed the quarter with a reported cash balance.
  • Codrus remains focused on advancing its Western Australian exploration projects.
  • ASX Listing Rule disclosures about exploration expenditure and related party payments were included.
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.