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Cygnus Metals Limited (ASX:CY5)

ALERT: Price-sensitive ASX Announcement for CY5
Current share price for CY5 : $0.130 0.005 (4%)+
Announcement
Release
24 Apr 2026 9:22AM
Price at Release
$0.125
Full Release
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Summary
The report from Cygnus Metals Limited covers their activities and financials for the quarter ending 31 March 2026. The main focus was on the Golden Eye exploration project, where drilling from an ice platform yielded high-grade intervals. The company also plans further exploration at the Gwillim and Joe Mann gold prospects in the coming quarter. Financially, the company reported cash outflows related to exploration, staff costs, and administration. Cash flows from investing activities showed significant expenditure on exploration and evaluation. There were no proceeds from disposals or loans to other entities. Payments to related parties amounted to A$242,730.
Key Points
  • Golden Eye exploration focus with significant drilling results.
  • High-grade intervals reported at Golden Eye post quarter-end.
  • Plans for exploration at Gwillim and Joe Mann prospects.
  • Quarterly cash outflows for exploration, staff, and administration.
  • Investing activities primarily for exploration and evaluation.
  • No proceeds from disposals or loans.
  • Payments to related parties totaled A$242,730.
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.