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Cassius Mining Limited (ASX:CMD)

ALERT: Price-sensitive ASX Announcement for CMD
Current share price for CMD : $0.028 0.006 (27.27%)+
Announcement
Release
31 Jul 2025 9:33AM
Price at Release
$0.022
Full Release
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Summary
Cassius Mining Limited (CMD) released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 31 March 2023. During this quarter, CMD continued its legal proceedings against the Government of Ghana regarding its Gbane Gold Project, with the arbitration process advancing and a hearing scheduled by the ICC for December 2023. The company also reported progress in its Soalara Limestone Project in Madagascar, where regulatory discussions and a renewed focus on project development are ongoing. No mining or production activities occurred during the period, and CMD reviewed its cost structures and strategies to conserve cash. The cash flow report indicates minimal operational expenditure and no exploration outlays, with the company maintaining a focus on cost control and ongoing legal and administrative processes.
Key Points
  • CMD focused on ongoing legal proceedings with the Government of Ghana over the Gbane Gold Project.
  • ICC arbitration advances, with a hearing set for December 2023.
  • Progress in Soalara Limestone Project in Madagascar, including regulatory discussions.
  • No mining or production activities were undertaken during the quarter.
  • Cost structures reviewed and cash conservation strategies implemented.
  • Minimal operational expenditure reported in the Appendix 5B cash flow statement.
  • No exploration expenditure during the quarter.
  • Company continues to maintain focus on legal, administrative, and regulatory developments.
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.