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Green & Gold Minerals Limited (ASX:GG1)

ALERT: Price-sensitive ASX Announcement for GG1
Current share price for GG1 : $0.140 -0.03 (-17.65%)+
Announcement
Release
29 Jul 2026 9:14AM
Price at Release
$0.170
Full Release
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Summary
Green & Gold Minerals Limited (GG1) provided its quarterly activities and cash flow report for the period ending 30 June 2026. The company is advancing its key projects, namely the Herberton Conductor Metals Project, which focuses on copper, silver, tin, and indium, and the Chillagoe Gold Project. Significant exploration and drilling activities have been conducted at Copper Hills, Mt Gossan, and Siberia, with high-grade assay results reported. GG1 has completed the acquisition of Burlington Mining Pty Ltd to strengthen its project portfolio. The report indicates a cash balance of $A2,769k, with net cash used in operating activities amounting to $A178k. Corporate expenditures included a total of $106k for management salaries and director fees. The company continues to target resources vital for electrification and gold development, with plans to expand exploration activities.
Key Points
  • Quarterly activities report for Green & Gold Minerals Limited (GG1) as of 30 June 2026.
  • The company focuses on the Herberton Conductor Metals Project and Chillagoe Gold Project.
  • Significant drilling and exploration at Copper Hills, Mt Gossan, and Siberia within the Herberton project.
  • High-grade assays reported for copper, silver, and indium in multiple locations.
  • GG1 advanced the acquisition of Burlington Mining Pty Ltd, enhancing project scope.
  • Cash and cash equivalents at the end of the quarter amounted to $A2,769k.
  • Net cash used in operating activities was $A178k for the quarter.
  • Herberton and Chillagoe projects target electrification metals and gold development.
  • Plan to expand exploration and resource evaluation activities across tenements.
  • Corporate activities included management salaries and director fees payment of $106k.
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.