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G50 Corp Limited (ASX:G50)

ALERT: Price-sensitive ASX Announcement for G50
Current share price for G50 : $0.660 0.075 (12.82%)+
Announcement
Release
16 Oct 2025 9:36AM
Price at Release
$0.585
Full Release
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Summary
G50 Corp Limited's quarterly activities report for the period ending September 2025 highlights significant progress and results from their Golconda Project in Arizona and the White Caps Project in Nevada. In Arizona, the Phase 2 drilling at the Golconda project confirmed the presence of precious metals, including gold, silver, and zinc, along with a noteworthy gallium halo. The White Caps Project in Nevada revealed high antimony values from the maiden scout drilling program. Financially, the company reported cash outflows for exploration, evaluation, and administrative activities, but secured $10 million from equity securities issuance. The report emphasizes the strategic importance of gallium and continues exploration potential, reflecting a strong strategic positioning in precious and strategic metals exploration.
Key Points
  • Phase 2 drilling at Golconda, Arizona, confirmed significant precious metals discovery.
  • Golconda project showed consistent gallium intercepts, indicating strategic mineral potential.
  • White Caps Project in Nevada returned high antimony values from drilling.
  • Net cash outflow from operating activities amounted to $529,000.
  • Secured $10 million through the issuance of equity securities.
  • No new mining tenements acquired; four Nevada projects were divested.
  • Emphasis on the strategic importance of gallium for domestic supply.
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.