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Genesis Resources Limited (ASX:GES)

ALERT: Price-sensitive ASX Announcement for GES
Current share price for GES : $0.005 -0.005 (-50%)+
Announcement
Release
29 Oct 2025 5:59PM
Price at Release
$0.010
Full Release
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Summary
Genesis Resources Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 30 September 2025 highlights several key financial and operational activities. The company reported a net cash outflow of $440,000 from operating activities, primarily due to exploration, evaluation, and administration costs. Financing activities resulted in a net cash inflow of $500,000. Total cash and cash equivalents at the end of the quarter were $276,000, with unused financing facilities totaling $620,000. The report details several loan facilities from related parties with interest rates of 10% per annum, which are repayable upon successful capital raising. Exploration activities included drilling programs in the Arltunga and Alice Springs projects, with results pending. Genesis Resources plans further exploration based on these results.
Key Points
  • Net cash outflow of $440,000 from operating activities.
  • Net cash inflow of $500,000 from financing activities.
  • Cash and cash equivalents at the end of the quarter were $276,000.
  • Unused financing facilities available were $620,000.
  • Loan facilities from related parties with 10% interest, repayable upon capital raising.
  • Drilling programs conducted at Arltunga and Alice Springs projects.
  • Results from exploration activities are pending.
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.