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Corella Resources Ltd (ASX:CR9)

ALERT: Price-sensitive ASX Announcement for CR9
Current share price for CR9 : $0.011 0.009 (340%)+
Announcement
Release
30 Apr 2025 1:58PM
Price at Release
$0.003
Full Release
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Summary
Corella Resources Ltd released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 31 March 2024. The report highlights progress at the Tampu Kaolin Project, including a Mineral Resource Estimate and ongoing development studies. The company continues metallurgical and beneficiation test work, environmental baseline studies, and offtake negotiations. A heritage survey and flora and fauna survey were completed, enabling further mining proposal progress. Financially, the company maintains a strong cash position with $2.76 million at quarter-end and is actively managing expenditure to support project development. No production or sales occurred during the quarter, and exploration activities focused on advancing project permitting and feasibility. The company remains focused on securing offtake agreements and progressing toward mining operations.
Key Points
  • Mineral Resource Estimate completed for Tampu Kaolin Project.
  • Metallurgical and beneficiation test work ongoing.
  • Environmental baseline, flora, fauna, and heritage surveys completed.
  • Offtake discussions with multiple parties are continuing.
  • No sales or production during the quarter.
  • Cash balance of $2.76 million at 31 March 2024.
  • Strategic focus on progressing permitting and mining proposal submission.
  • No mining or exploration licenses granted during the period.
  • Project remains on track for further development and offtake negotiations.
  • Spending focused on project advancement and cost management.
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.