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G50 Corp Limited (ASX:G50)

ALERT: Price-sensitive ASX Announcement for G50
Current share price for G50 : $0.505 -0.04 (-7.34%)+
Release
31 Jul 2026 2:21PM
Price at Release
$0.545
Full Release
download
Summary
G50 Corp Limited's Quarterly Activities Report for June 2026 highlights significant developments at their mining projects in the United States. The company confirmed a polymetallic gold-silver-zinc discovery over a 1.3km strike at the Tub Vein in the Golconda project, Arizona. Subsequent drilling extended the mineralisation to 1.8km. Metallurgical tests indicate potential for gallium-rich concentrates. At the White Caps project in Nevada, drilling returned promising gold intercepts. The company raised $26.25 million post-quarter for further exploration. The cash balance at the end of June 2026 was $2.105 million, and a new CFO was appointed in April 2026.
Key Points
  • Polymetallic discovery at Golconda, Arizona confirmed over 1.3km.
  • Golconda mineralisation extended to 1.8km by end of July 2026.
  • Metallurgical tests show potential for gallium-rich concentrates.
  • Promising gold intercepts at White Caps project, Nevada.
  • $26.25 million raised for exploration post-quarter.
  • Cash balance of $2.105 million as of 30 June 2026.
  • New CFO Peter Frew appointed in April 2026.
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.