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Golden Mile Resources Ltd (ASX:G88)

ALERT: Price-sensitive ASX Announcement for G88
Current share price for G88 : $0.008 0.002 (33.33%)+
Announcement
Release
30 Apr 2026 2:38PM
Price at Release
$0.006
Full Release
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Summary
Golden Mile Resources Ltd reported its quarterly cash flow activities for the period ending 31 March 2026, highlighting net cash outflows of $123,000 from operating activities, primarily due to exploration, evaluation, and corporate costs. The company did not generate income from sales or grants and its total available funding at quarter-end was $644,000, providing an estimated 4.7 quarters of operational funding. The company continued efforts in its projects, including the Quicksilver and Yarrambee projects, and initiated a soil and rock chip sampling program at the Aurora Prospect.
Key Points
  • Golden Mile Resources Ltd reported its quarterly cash flow for the period ending 31 March 2026.
  • The company recorded net cash outflows from operating activities amounting to $123,000 for the quarter.
  • Payments for exploration and evaluation totaled $17,000, with administration and corporate costs at $97,000.
  • The company did not receive any income from customers, dividends, or government grants during the quarter.
  • Investing activities saw payments of $14,000 for exploration and evaluation.
  • The estimated total available funding at the end of the quarter was $644,000, with an estimated 4.7 quarters of funding remaining.
  • Golden Mile has ongoing projects including the Quicksilver Multi-Commodity Project and Yarrambee VMS Project.
  • A soil and rock chip sampling program was initiated at the Aurora Prospect, with results expected in late May.
  • The company engaged in project reviews and due diligence on other potential projects.
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.