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G11 Resources Limited (ASX:G11)

ALERT: Price-sensitive ASX Announcement for G11
Current share price for G11 : $0.270 -0.07 (-20.59%)+
Announcement
Release
20 Apr 2026 9:22AM
Price at Release
$0.340
Full Release
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Summary
G11 Resources Limited released its March 2026 Quarterly Activities Report, highlighting the completion of a $7.5 million capital raising to support an extensive drilling program targeting Tier 1 Copper/Gold deposits. Significant progress was made with the commencement of drilling at Sedgewick Bluff within the Mt Read Volcanic belt, where 900 meters of diamond drilling was completed. In Tasmania, new electromagnetic (EM) anomalies were identified, providing additional copper-gold drill targets at the Linda Project. The company's financial position was stable with a cash balance of $6.93 million as of the quarter's end, and significant expenditures were made on geological and technical activities in Tasmania to advance exploration efforts.
Key Points
  • Completed $7.5 million capital raising to fund 2026 drill programs.
  • Commenced drilling at Sedgewick Bluff targeting the Zig Zag CSAMT anomaly.
  • 900 meters of diamond drilling completed by quarter's end.
  • New EM anomalies identified in the Linda Project in Tasmania for copper-gold drill targets.
  • Drilling campaign approved at Sedgwick project in the Mt Read Volcanic belt.
  • Cash balance at end of March 2026 quarter was $6.93 million.
  • $458,000 spent on geological surveys and other exploration activities in Tasmania.
  • Defined new drill targets in the Comstock valley area of the Linda project.
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.