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Dragon Mountain Gold Limited (ASX:DMG)

ALERT: Price-sensitive ASX Announcement for DMG
Current share price for DMG : $0.006 -0.002 (-25%)+
Announcement
Release
30 Apr 2026 12:42PM
Price at Release
$0.008
Full Release
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Summary
Dragon Mountain Gold Limited (DMG), soon to be renamed Everflow Resources Limited, released its Quarterly Activities and Cashflow Report for the period ending 31 March 2026. The report highlights ongoing exploration activities, particularly at the Avalon and Cawse Projects. The company is focused on evaluating critical minerals and revisiting gold opportunities at these sites. Financially, DMG reported a cash position of $99,000 at the end of the quarter and noted expenditures of $10,000 on exploration activities. No development or production expenses were recorded. The report also outlines corporate changes, including a shareholder-approved name change and ongoing due diligence for potential new projects. The company has taken steps to reduce costs and is considering equity raising and loan funding to ensure continued operations.
Key Points
  • Dragon Mountain Gold Limited to be renamed Everflow Resources Limited.
  • Quarterly report covers activities ending 31 March 2026.
  • Focus on Avalon and Cawse Projects for exploration.
  • Reported cash position of $99,000.
  • Expenditure on exploration activities was $10,000 for the quarter.
  • No development or production expenditures reported.
  • Shareholder approval for company name change.
  • Consideration of equity raising and loan funding to support operations.
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.