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G50 Corp Limited (ASX:G50)

ALERT: Price-sensitive ASX Announcement for G50
Current share price for G50 : $0.500 -0.36 (-41.86%)+
Announcement
Release
29 Apr 2026 9:17AM
Price at Release
$0.860
Full Release
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Summary
G50 Corp Limited's quarterly report provides an update on their exploration activities for the March 2026 quarter. The company completed a 7-hole, 2,550-meter core drilling program at the Golconda Project in Arizona, which expanded the understanding of mineralization in the area. G50 is transitioning to the next phase of exploration, including a 27-hole, 5,500-meter RC drilling program at Golconda and a 6-hole, 2,300-meter core program at White Caps, Nevada. The company is focused on evaluating open-pit development potential and advancing regional exploration targets. During the quarter, the price of gallium increased by 32%, and metallurgical test work showed potential for the production of gallium-rich feedstock, supporting the development of a strategic domestic gallium supply in the USA. Financially, G50 reported $5.157 million in cash at the end of March 2026.
Key Points
  • Completion of a 7-hole, 2,550-meter core drilling program at Golconda, Arizona.
  • Transition to a 27-hole, 5,500-meter RC drilling program at Golconda and a 6-hole, 2,300-meter core program at White Caps, Nevada.
  • Gallium price increased by 32% during the quarter.
  • Metallurgical tests demonstrated potential for gallium-rich feedstock.
  • End-of-quarter cash balance was $5.157 million.
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.