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G11 Resources Limited (ASX:G11)

ALERT: Price-sensitive ASX Announcement for G11
Current share price for G11 : $0.220 0.01 (4.76%)+
Announcement
Release
29 Jul 2026 11:17AM
Price at Release
$0.210
Full Release
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Summary
G11 Resources Limited's June 2026 Quarterly Activities Report highlights the company's continued focus on diamond drilling at the Sedgwick Bluff Project in Tasmania, with the completion of the second drill hole SD2602 intersecting a 90m zone of altered rhyolite. This work aligns with the CSAMT target, which remains largely untested beyond 600 meters. Drilling also proceeded at the Sunrise airborne electromagnetic target in Comstock Valley. The company advanced its Ionic Leach geochemistry program in Packsaddle, New South Wales, with promising results. Exploration expenditure for the quarter totaled $1,765,000, with no production activities conducted. The company's cash balance as of the end of the June quarter was $4.95 million.
Key Points
  • G11 Resources focused on diamond drilling in Tasmania's Mt Read volcanics.
  • Second diamond drill hole SD2602 completed at Sedgwick Bluff Project.
  • SD2602 intersected a 90m zone of altered rhyolite, matching CSAMT target.
  • CSAMT target remains largely untested beyond 600m depth.
  • Continued diamond drilling at Sunrise airborne EM target in Comstock Valley.
  • Ionic Leach geochemistry program in Packsaddle, NSW showed encouraging results.
  • Company spent $1,765,000 on geological surveys and drilling in Tasmania.
  • No production activities conducted during the quarter.
  • Cash balance at the end of June quarter was $4.95 million.
  • Ongoing evaluation of exploration potential at MRV Project in Tasmania.
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.