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Codrus Minerals Limited (ASX:CDR)

ALERT: Price-sensitive ASX Announcement for CDR
Current share price for CDR : $0.044 0.018 (69.23%)+
Announcement
Release
30 Jul 2026 4:39PM
Price at Release
$0.026
Full Release
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Summary
Codrus Minerals Limited's report for the quarter ended 30 June 2026 highlights their strategic focus on reviewing future project opportunities and evaluating potential acquisitions to enhance shareholder value. The company did not engage in any active field exploration but concentrated on internal assessments and cash preservation, ending the quarter with A$198,000. They also generated $74,000 from the sale of MOH shares. The Bull Run Gold Project in Oregon revealed promising molybdenum results, and the Jasper Wedge Uranium Project in Canada showed positive uranium potential. Codrus continues to identify strategic partnerships and acquisition opportunities without completing any transactions during the period.
Key Points
  • Codrus focused on strategic review and capital management during the quarter.
  • No field exploration activities were conducted in the project portfolio.
  • Potential project acquisitions were evaluated for future growth.
  • Codrus maintained operational readiness and preserved cash with A$198,000 in hand.
  • The company disposed of MOH shares for cash proceeds of $74,000.
  • Bull Run Gold Project in Oregon showed promising molybdenum assay results.
  • Jasper Wedge Uranium Project had encouraging rock chip results indicating uranium potential.
  • The company did not complete any transactions but explored partnership opportunities.
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.