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Genesis Resources Limited (ASX:GES)

ALERT: Price-sensitive ASX Announcement for GES
Current share price for GES : $0.006 0 (0%)+
Announcement
Release
30 Apr 2026 8:15AM
Price at Release
$0.006
Full Release
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Summary
Genesis Resources Limited, in its Quarterly Activities and Appendix 5B Cash Flow Report for the March 2026 quarter, highlighted a decrease in net cash from operating activities amounting to $401,000, with no cash inflow from investing activities. The company secured $410,000 through borrowings to support its financing activities, ending the quarter with cash and cash equivalents of $141,000. Genesis completed the acquisition of Silgen Resources, ending a joint venture, and continued environmental studies at the Plavica Project in North Macedonia. Adverse weather delayed fieldwork in Australia, with plans deferred to the June quarter. The company is exploring additional funding options, including loan facilities, to continue operations and meet its objectives.
Key Points
  • Genesis Resources Limited reported a net cash decrease in operating activities of $401,000 for the March 2026 quarter.
  • The company had no cash inflows from investing activities during the period.
  • Genesis secured $410,000 from borrowings in the quarter to aid financing activities.
  • The company held cash and cash equivalents of $141,000 at the end of the quarter.
  • Genesis Resources Limited completed a full acquisition of Silgen Resources International, terminating a previous joint venture.
  • Environmental studies and tree planting activities are ongoing at the Plavica Gold-Copper-Silver Project in North Macedonia.
  • Fieldwork in Australia was impacted by adverse weather, with planned activities deferred to the June quarter.
  • The company is exploring further capital raising opportunities, including potential additional loans.
  • Genesis Resources Limited holds multiple exploration licenses across Australia and North Macedonia.
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.