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Discovery Alaska Limited (ASX:DAF)

ALERT: Price-sensitive ASX Announcement for DAF
Current share price for DAF : $0.010 -0.008 (-42.86%)+
Announcement
Release
28 Apr 2026 8:16AM
Price at Release
$0.018
Full Release
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Summary
Discovery Alaska Limited has released its quarterly activities and cashflow report for the period ending March 31, 2026. The company maintains a 100% interest in the Boulder Creek Gold-Silver Project in Idaho and the Chulitna Project in Alaska. During this quarter, Discovery Alaska completed due diligence and secured an option to acquire additional land adjacent to their current claims in Idaho. The company completed a private placement raising $354,000, which will fund exploration activities and corporate needs. Cash reserves at the end of the quarter were $327,000. Despite no substantive mining production or development activities, the company is evaluating new projects to complement its existing operations and is managing its finances prudently.
Key Points
  • 100% interest in Boulder Creek and Chulitna Projects
  • Completed due diligence on Idaho State Lease
  • Raised $354,000 from a private placement
  • Cash reserves of $327,000 as of March 31, 2026
  • Evaluating new project opportunities
  • No substantive mining production or development this quarter
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.