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E79 Gold Mines Limited (ASX:E79)

ALERT: Price-sensitive ASX Announcement for E79
Current share price for E79 : $0.026 -0.003 (-10.34%)+
Announcement
Release
29 Apr 2026 1:00PM
Price at Release
$0.029
Full Release
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Summary
E79 Gold Mines Limited, an exploration company based in Western Australia, reported significant progress in its Cue Gold Project during the March 2026 Quarter. The company completed a high-resolution gravity survey across the project, identifying over 40 drill targets, including 12 high-priority ones. As part of the acquisition of Cue Metals Pty Ltd, E79 issued 28.57 million shares. The company ended the quarter with a cash balance of $2.8 million, with 75% of its total expenditures dedicated to exploration activities. No mining production or developmental activities took place during this period. E79 is focusing on securing heritage agreements and finalizing drill plans to commence its drilling program once pending tenure is granted. The company sees the Cue Gold Project as a drill-ready exploration opportunity, with a robust pipeline of high-priority targets to explore.
Key Points
  • High-resolution gravity survey completed at Cue Gold Project.
  • Over 40 drill targets identified, 12 high-priority.
  • Corporate milestone: 28.57M shares issued for Cue Metals acquisition.
  • Cash balance of $2.8 million at quarter end.
  • 75% of expenditures focused on exploration activities.
  • No mining production or development during the quarter.
  • Continued focus on securing heritage agreements and finalizing drill plans.
  • Drill-ready exploration opportunities at Cue Gold Project.
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.