Golden Deeps Limited (ASX:GED)

ALERT: Price-sensitive ASX Announcement for GED

Current share price for GED : $0.041 -0.011 (-21.15%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Apr 2026 1:54PM

Price at Release

$0.052

Full Release

Summary

Golden Deeps Limited (ASX:GED) reported on its activities and financial status for the quarter ended 31 March 2026. The company continued its exploration at the Graceland 'Tsumeb-type' copper, silver, zinc, lead, germanium, and antimony prospect in Namibia. Drilling results from the Gossan 1 and Gossan 1 East zones revealed high-grade mineral intersections, with copper equivalent grades as high as 44.7%. Financially, the company experienced a net cash outflow from operating activities of $75,000, investing activities of $384,000, and financing activities provided $3,278,000. The cash position at the end of the quarter was $4.62 million. Payments to related parties totaled $7,000, covering directors' fees and superannuation.

Key Points

Quarterly Activities Report ended 31 March 2026.
Exploration at Graceland prospect in Namibia continues.
High-grade mineral intersections reported from drilling.
Significant copper equivalent grades up to 44.7% CuEq.
Net cash outflow from operating activities: $75,000.
Net cash outflow from investing activities: $384,000.
Net cash inflow from financing activities: $3,278,000.
Cash position at quarter end was $4.62 million.
Payments to related parties and their associates: $7,000.

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.