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Charger Metals NL (ASX:CHR)

ALERT: Price-sensitive ASX Announcement for CHR
Current share price for CHR : $0.074 -0.006 (-7.50%)+
Announcement
Release
31 Jul 2026 9:27AM
Price at Release
$0.080
Full Release
download
Summary
Charger Metals NL reports its quarterly activities, revealing a net cash outflow of $293,000 from operating activities and $926,000 from investing activities, primarily due to exploration and evaluation. Despite these outflows, the company managed to raise $2,134,000 through financing activities over the year. The quarter ended with $1,341,000 in cash reserves. Key activities included the sale of the Bynoe Project, which added $3,750,000 to cash reserves, and significant exploration expenditures amounting to $324,000. Payments to related parties for the quarter were $122,000.
Key Points
  • Charger Metals NL reported a net cash outflow from operating activities of $293,000 for the current quarter and $952,000 for the year to date.
  • Investing activities resulted in a net cash outflow of $926,000 for the quarter, primarily due to payments for exploration and evaluation.
  • The company secured $2,134,000 from financing activities over the year to date, with the current quarter recording minor cash outflows related to financing.
  • Charger Metals ended the quarter with $1,341,000 in cash and cash equivalents.
  • Payments to related parties totaled $122,000 for the quarter, covering directors’ fees.
  • The company expects to continue its current level of operations and has completed the sale of the Bynoe Project, adding $3,750,000 to its cash holdings.
  • Exploration and evaluation expenditures in the quarter were $324,000, with activities concentrated in Western Australia and the Northern Territory.
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.