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Carbine Resources Limited (ASX:CRB)

ALERT: Price-sensitive ASX Announcement for CRB
Current share price for CRB : $0.010 0.004 (66.67%)+
Announcement
Release
30 Apr 2026 4:59PM
Price at Release
$0.006
Full Release
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Summary
Carbine Resources Limited released its quarterly activities and cash flow report for the period ending 31 March 2026, highlighting progress on its Muchea West and Down South Silica Sand Projects. The company plans to commence maiden auger drilling at the Down South Project in Q2 2026 and continues to focus on operational planning and regulatory engagement at Muchea West. With a cash balance exceeding $1.3 million, Carbine is well-funded to continue its exploration activities. Expenditures for exploration and evaluation were reported at $33,000, with additional payments to related parties for director and consulting fees.
Key Points
  • Carbine Resources Limited provided a quarterly update for the period ending 31 March 2026.
  • The company focused on the Muchea West and Down South Silica Sand Projects.
  • A programme of work for maiden auger drilling at the Down South Silica Sand Project is planned for Q2 2026.
  • The Muchea West Project hosts a significant silica sand resource with high silica purity.
  • Carbine remains well-funded with over $1.3 million in cash at the end of the quarter.
  • Exploration and evaluation expenditures for the quarter amounted to $33k.
  • Fieldwork for the Muchea West Project involved engaging with regulatory bodies for land access and heritage agreements.
  • The company reported no interests were disposed of or acquired during the quarter.
  • Payments to related parties included non-executive director fees, consulting fees, and company secretarial fees.
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.