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First Lithium Limited (ASX:FL1)

ALERT: Price-sensitive ASX Announcement for FL1
Current share price for FL1 : $0.140 -0.05 (-26.32%)+
Announcement
Release
30 Jan 2026 4:20PM
Price at Release
$0.190
Full Release
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Summary
First Lithium Limited (FL1) reported on its activities for the December 2025 quarter, highlighting ongoing efforts regarding license renewals and the anticipated completion of a Maiden Mineral Resource Estimate (MRE) once these permits are processed. The company experienced a net cash outflow from operations, primarily attributed to exploration and evaluation expenses. A funding facility of $800,000 was secured and received in two tranches. At the end of the quarter, FL1 had a cash balance of $0.04 million, with plans to secure additional funding in anticipation of upcoming project milestones. No material mining development or production activities occurred during the quarter.
Key Points
  • License renewals for Mali projects are pending.
  • Maiden Mineral Resource Estimate is expected post-license renewals.
  • Cash balance at the end of December 2025 was $0.04 million.
  • An $800,000 funding facility was secured, with installments received in October 2025 and January 2026.
  • Exploration expenditure for the quarter was approximately $127,000.
  • No mining development or production activities were conducted during the quarter.
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.