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Corella Resources Ltd (ASX:CR9)

ALERT: Price-sensitive ASX Announcement for CR9
Current share price for CR9 : $0.011 -0.002 (-15.38%)+
Announcement
Release
30 Apr 2026 2:08PM
Price at Release
$0.013
Full Release
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Summary
Corella Resources Ltd (ASX:CR9) has provided a quarterly activities and cash flow report for the period ending 31 March 2026. During this quarter, exploration activities at the Bonnie Rock and Earoo projects commenced, focusing on geological observations and surface sampling. The company is awaiting assay results to determine further drilling programs. Minimal activity continued at the Tampu Project, with considerations for future development through potential joint ventures or research into kaolin conversion to HPA. Financially, the company raised $1 million through share placements and announced a heavily oversubscribed $5 million placement for the Chobe Project acquisition. Cash at the end of the quarter was $1.025 million, with estimated funding for 3.6 quarters. The company also reported payments to related parties and an ongoing review of its project portfolio.
Key Points
  • Quarterly activities and cash flow report for the period ending 31 March 2026.
  • Exploration activities at Bonnie Rock and Earoo projects began in February 2026.
  • Awaiting assay results for further drilling programs.
  • Minimal activity at Tampu Project; considering joint ventures and kaolin to HPA conversion.
  • Financial activities included raising $1 million and a $5 million placement for Chobe Project.
  • Cash at the end of the quarter was $1.025 million, with funding for 3.6 quarters.
  • Reported payments to related parties and ongoing project portfolio review.
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.