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Cassius Mining Limited (ASX:CMD)

ALERT: Price-sensitive ASX Announcement for CMD
Current share price for CMD : $0.017 -0.01 (-37.04%)+
Announcement
Release
31 Jul 2026 9:24AM
Price at Release
$0.027
Full Release
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Summary
Cassius Mining Limited's quarterly activities report for the period ending 30 June 2026 highlights the company's financial performance and ongoing projects. The report outlines significant cash flows from operating activities, primarily due to exploration, evaluation, and administrative costs. No investing activities were reported, but financing was strengthened by issuing $5 million in convertible notes. This funding is directed towards exploration and the company’s legal proceedings involving international arbitration against Ghana. The Soalara Limestone Project in Madagascar remains a focal point, with ongoing discussions for potential joint ventures.
Key Points
  • Cassius Mining Limited's quarterly report for the period ending 30 June 2026.
  • Significant cash flows from operating activities included expenses for exploration and evaluation, staff costs, and administration.
  • No proceeds from investing activities were recorded during the quarter.
  • Financial activities included issuing convertible notes totaling $5,000,000.
  • Cash and cash equivalents increased to $2,659,000 by the end of the quarter.
  • The Soalara Limestone Project in Madagascar is progressing with potential joint venture discussions.
  • Cassius Mining is involved in international arbitration against the Government of Ghana.
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.