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Emu NL (ASX:EMU)

ALERT: Price-sensitive ASX Announcement for EMU
Current share price for EMU : $0.020 -0.003 (-13.04%)+
Announcement
Release
29 Apr 2026 9:39AM
Price at Release
$0.023
Full Release
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Summary
EMU NL's quarterly activities report for the period ending 31 March 2026 highlights significant exploration advancements at its Georgetown Project with the completion of Stage 1 drilling at the Fiery Creek prospect, revealing a large-scale mineralised system. The financial report, presented in Appendix 5B, details expenditures of $559,000 on exploration and evaluation, while operating activities recorded a cash outflow of $1,045,000. Despite this, financing activities contributed a $1,995,000 cash inflow, raising the cash reserves. No mining production or development occurred, but payments to related parties were reported at $159,000. The company ended the quarter with $975,000 in cash and cash equivalents.
Key Points
  • EMU NL's quarterly cash flow report covers activities and financials up to 31 March 2026.
  • Exploration and evaluation expenditure for the quarter was $559,000.
  • No substantive mining production or development activities occurred during the quarter.
  • Payments to related parties, including directors, amounted to $159,000.
  • Cash flows from operating activities resulted in a loss of $1,045,000 for the current quarter.
  • Investing activities resulted in net cash outflows of $9,000.
  • The company raised $1,995,000 from financing activities, leading to a net increase in cash reserves.
  • Cash and cash equivalents at the end of the period were $975,000.
  • The company completed Stage 1 drilling at the Fiery Creek prospect, confirming a large-scale mineralised system.
  • Fiery Creek drilling identified a mineralised corridor with copper-silver mineralisation.
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.