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Discovery Alaska Limited (ASX:DAF)

ALERT: Price-sensitive ASX Announcement for DAF
Current share price for DAF : $0.018 0.008 (80%)+
Announcement
Release
24 Aug 2026 9:36AM
Price at Release
$0.010
Full Release
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Summary
Discovery Alaska Limited has executed a binding Share Purchase Agreement to acquire a 100% interest in the Cuddingwarra Gold Project, located near Cue, Western Australia. The acquisition, valued at $720,000 in DAF shares and $35,000 in cash, secures a strategic landholding in the Murchison district. A $900,000 placement has been secured to support the acquisition and exploration activities. The placement will occur in two tranches, with proceeds allocated to exploration, acquisition costs, and general purposes. The project area will undergo systematic exploration to target high-priority areas.
Key Points
  • Discovery Alaska Limited has entered into a binding Share Purchase Agreement to acquire a 100% interest in the Cuddingwarra Gold Project.
  • The Cuddingwarra Gold Project is strategically located near Cue, Western Australia, in the Murchison district.
  • The acquisition involves a transaction value of $720,000 in DAF shares and $35,000 in cash.
  • Discovery Alaska Limited has secured commitments for a $900,000 placement to support the acquisition and exploration activities.
  • The placement will be conducted in two tranches, with shares issued under existing placement capacity and subject to shareholder approval.
  • Proceeds from the placement will fund exploration works, the acquisition of the Cuddingwarra Gold Project, placement costs, and general working capital.
  • The project area is untested below surface, with plans for systematic surface geochemistry and drilling to target high-priority structural corridors.
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.