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Genesis Resources Limited (ASX:GES)

ALERT: Price-sensitive ASX Announcement for GES
Current share price for GES : $0.005 -0.001 (-16.67%)+
Announcement
Release
28 Jan 2026 5:53PM
Price at Release
$0.006
Full Release
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Summary
Genesis Resources Limited, in their quarterly report for October to December 2025, detailed continued exploration activities across various projects in Australia, including Alice Springs and Arltunga. Despite disappointing drilling results, the company is financially preparing for future activities with secured loan facilities totaling $2,030,000. Cash reserves were reported at $152,000 with additional unused financing available. The company remains focused on managing expenditure and exploring further capital raising opportunities to support ongoing and future operations.
Key Points
  • Genesis Resources Limited reported on their activities from October to December 2025.
  • The company carried out a follow-up Reverse Circulation (RC) drilling program at their Alice Springs Tenement, which yielded disappointing results.
  • At the Arltunga project, narrow gold results were obtained with key findings including 3m @ 1.75 g/t Au from 22m and 1m @ 2.25 g/t Au & 0.12% Cu.
  • The company secured several loan facilities totaling $2,030,000 with related parties, aimed at future financial stability.
  • Genesis plans further exploration activities in 2026, including planned mapping at the Quarry Prospect.
  • Cash and cash equivalents at the end of December 2025 stood at $152,000, with unused finance facilities amounting to $620,000.
  • The company's financial strategy includes the possibility of raising further capital through debt and equity as needed.
  • Genesis Resources is involved in multiple projects, including the Pioneer Project, McArthur River Project, and the Plavica Gold-Copper-Silver Project.
  • There are no significant new mineral findings from the drilling activities at the Alice Springs and Diana 8 prospects.
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.