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Daly Resources Limited (ASX:DLY)

ALERT: Price-sensitive ASX Announcement for DLY
Current share price for DLY : $0.150 -0.03 (-16.67%)+
Announcement
Release
30 Jul 2026 8:15AM
Price at Release
$0.180
Full Release
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Summary
Daly Resources Limited, an Australian exploration firm, successfully listed on the ASX during the June 2026 quarter, raising $12 million through an IPO. The company is actively pursuing exploration activities at its Huckitta Fluorite-Copper Project in the Northern Territory, supported by completed airborne surveys and soil sampling. Daly Resources aims to advance its fluorite, copper, and zinc exploration across its three key projects. The company ended the quarter with a robust cash position of $11.045 million and managed payments to directors totaling $38,000. The expenditure on exploration and development was lower than initially projected.
Key Points
  • Daly Resources Limited successfully listed on the ASX in June 2026 following a $12 million IPO, issuing 48 million shares at $0.25 each.
  • The company focuses on exploring for fluorite, copper, and zinc in the Northern Territory with key projects at Huckitta, Broughton, and Batten.
  • Field exploration activities resumed at the Huckitta Fluorite-Copper Project, with geological mapping, rock-chip sampling, and soil sampling underway.
  • A detailed airborne magnetic and radiometric survey covering 3,200 line kilometers was completed, with data processing ongoing.
  • The company was awarded $150,000 in Northern Territory Government co-funding for the Broughton VTEM Survey.
  • Cash balance as of June 30, 2026, stood at $11.045 million.
  • Payments to directors and related parties totaled $38,000 during the quarter.
  • Expenditure on exploration and development was significantly lower than forecasted in the IPO prospectus.
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.