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Enterprise Metals Limited (ASX:ENT)

ALERT: Price-sensitive ASX Announcement for ENT
Current share price for ENT : $0.004 -0.001 (-12.50%)+
Announcement
Release
30 Jan 2026 4:09PM
Price at Release
$0.004
Full Release
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Summary
Enterprise Metals Limited released their quarterly activities report for the period ending 31 December 2025. The company reported cash and cash equivalents of $204,000 at the end of the quarter. Notable activities included exploration initiatives across several projects, such as drilling at the Murchison Project which involved 14 drill holes on tenement E20/944, and soil sampling at the Mandilla Project which identified significant gold anomalies. Exploration expenditure for the quarter amounted to $417,000. Financing activities resulted in a net cash inflow of $62,000, while payments to related parties totaled $53,000, primarily for director and consulting fees. Additionally, the company raised $238,000 through the exercise of options. The report also highlights ongoing due diligence and planning for further exploration activities, including addressing Native Title issues.
Key Points
  • Cash and cash equivalents at end of quarter: $204,000
  • Exploration expenditure for the quarter: $417,000
  • 14 drill holes completed at the Murchison Project
  • Significant gold anomalies identified at Mandilla Project
  • Net cash inflow from financing activities: $62,000
  • Payments to related parties: $53,000
  • Funds raised through exercise of options: $238,000
  • Ongoing due diligence and planning for further exploration
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.