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Golden Globe Resources Ltd (ASX:GGR)

ALERT: Price-sensitive ASX Announcement for GGR
Current share price for GGR : $0.150 -0.03 (-16.67%)+
Announcement
Release
29 Jul 2026 1:54PM
Price at Release
$0.180
Full Release
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Summary
Golden Globe Resources Ltd (GGR) reported its June 2026 Quarterly Activities & Cash Flow, highlighting a cash balance of $3.5 million and detailing its exploration activities. The company focused on the Dooloo Creek, Alma, and Neila Creek projects, with Phase 1 drilling at Dooloo Creek confirming copper-gold mineralisation. The financial report shows net cash outflows of $486,000 from operating activities, with significant investment in exploration and evaluation expenses. GGR holds a 100% interest in several Queensland tenements and continues to advance its exploration prospects.
Key Points
  • Golden Globe Resources Ltd (GGR) reported a cash position of approximately $3.5 million at the end of the June 2026 quarter.
  • GGR's exploration and project evaluation expenditures included significant activities at Dooloo Creek, Alma, and Neila Creek projects.
  • Phase 1 drilling at the Dooloo Creek Project confirmed copper-gold mineralisation and provided geological insights for future exploration.
  • The company’s tenement portfolio includes a 100% interest in several key areas in Queensland.
  • Net cash outflows from operating activities for the quarter were reported at $486,000.
  • Exploration and evaluation expenses were a significant part of investing activities, totaling $1.234 million for the quarter.
  • GGR has no unused finance facilities available at quarter end.
  • The company plans to continue its exploration activities and is optimistic about the potential of its projects.
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.