InvestSMART

Empire Resources Limited (ASX:ERL)

ALERT: Price-sensitive ASX Announcement for ERL
Current share price for ERL : $0.007 -0.001 (-12.50%)+
Announcement
Release
27 Jan 2026 1:53PM
Price at Release
$0.008
Full Release
download
Summary
Empire Resources Limited's quarterly activities report details the progress of its exploration projects, particularly at the Yuinmery Copper-Gold Project. The company conducted significant drilling activities, yielding positive results in several prospects, including Just Desserts and YT01. Financially, the company reported a net cash usage of $287,000 in operating activities, with a cash balance of $136,000 at the end of the quarter. To support operations, Empire secured a further $200,000 loan. The report highlights Empire's commitment to advancing its exploration projects and enhancing its resource base.
Key Points
  • Empire Resources focused on exploration at the Yuinmery Copper-Gold Project.
  • Completed a 42-hole air core drilling program at Yuinmery.
  • Significant mineralisation found at Just Desserts, YT01, and Marcus prospects.
  • Net cash used in operating activities was $287,000 for the quarter.
  • Empire secured a $200,000 loan for operational activities.
  • Cash on hand at quarter's end was $136,000.
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.