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Evergold Minerals Limited (ASX:EG1)

ALERT: Price-sensitive ASX Announcement for EG1
Current share price for EG1 : $0.023 -0.007 (-23.33%)+
Announcement
Release
30 Apr 2026 9:47AM
Price at Release
$0.030
Full Release
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Summary
Evergold Minerals Limited has made significant progress in its activities for the quarter ending March 31, 2026. The company completed the acquisition of the Mt Monger Gold Project and issued shares to Metallium Limited as part of the purchase deal. A high-resolution gravity survey was conducted at Mt Monger, with 3D models in development to aid drilling plans. At the Gladiator Prospect, a new regional gold anomaly was discovered, signaling future exploration potential. Additionally, Evergold executed a binding agreement to acquire Randwick Tenements, expanding its landholding in the Leonora Gold Project. Financially, Evergold raised A$5.23 million through share placements to fund exploration and operations, ending the quarter with $2,282,000 in cash. The company is preparing for further drilling and geochemical sampling across its projects.
Key Points
  • Completion of Mt Monger Gold Project acquisition.
  • Issuance of shares to Metallium Limited as consideration.
  • High-resolution gravity survey completed at Mt Monger.
  • Discovery of a new gold anomaly at Gladiator Prospect.
  • Acquisition of Randwick Tenements for Leonora Gold Project.
  • Raised A$5.23 million through share placements.
  • Cash position of $2,282,000 at quarter's end.
  • Preparation for further drilling and sampling.
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.