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Dragon Mountain Gold Limited (ASX:DMG)

ALERT: Price-sensitive ASX Announcement for DMG
Current share price for DMG : $0.006 -0.004 (-40%)+
Announcement
Release
30 Jan 2026 11:14AM
Price at Release
$0.010
Full Release
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Summary
Dragon Mountain Gold Limited (DMG) has released its quarterly activities and cash flow report for the period ending 31 December 2025. The company reported a cash position of $179,000 at the end of the quarter, with expenditures of $29,000 on exploration activities. No expenses were reported for development or production activities. The company is engaged in exploring critical minerals at the Avalon Project and reassessing gold potential at the Cawse Project. DMG is also reviewing new project opportunities. It holds a 25% interest in the Cawse and Avalon Projects. The company did not make any payments to directors during this quarter. Financing activities saw a net increase of $150,000, primarily through borrowings. The cash flow report indicates challenges in sustaining operations, with plans for cost reduction and potential equity raising and loan funding.
Key Points
  • Quarterly report for the period ending 31 December 2025.
  • Cash position at the end of the quarter: $179,000.
  • Expenditure on exploration: $29,000; no development or production expenditure.
  • Interest in Cawse and Avalon Projects at 25%.
  • No director payments made during the quarter.
  • Net cash increase from financing activities: $150,000.
  • Plans for cost reduction and potential equity raising and loan funding.
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.