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Emu NL (ASX:EMU)

ALERT: Price-sensitive ASX Announcement for EMU
Current share price for EMU : $0.021 0.001 (5%)+
Announcement
Release
29 Jul 2026 2:25PM
Price at Release
$0.020
Full Release
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Summary
During the quarter ended 30 June 2026, Emu NL focused on advancing its Georgetown Copper Project in North Queensland. The company completed Stage 1 drilling at Fiery Creek, improving its geological model and preparing for a substantial drilling program at Yataga Valley, beginning 4 July 2026. The integrated exploration approach is set to test priority targets. Additionally, Emu NL raised A$2,983k through a non-renounceable rights issue to fund these exploration activities. The quarter’s cash flow included A$362k spent on exploration, leading to a net cash increase to A$3,154k by the end of the period.
Key Points
  • Emu NL focused on Georgetown Copper Project exploration.
  • Completion of Stage 1 drilling at Fiery Creek.
  • Preparation for Yataga Valley drilling commenced 4 July 2026.
  • Raised A$2,983k through rights issue for exploration funding.
  • Quarterly exploration expenditure was A$362k.
  • Net cash position increased to A$3,154k.
  • No injuries or environmental incidents reported.
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.