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Gibb River Diamonds Limited (ASX:GIB)

ALERT: Price-sensitive ASX Announcement for GIB
Current share price for GIB : $0.038 -0.011 (-22.45%)+
Announcement
Release
30 Apr 2026 9:54AM
Price at Release
$0.049
Full Release
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Summary
Gibb River Diamonds Limited reported their quarterly activities and cash flow for the period ending 31 March 2026. The company completed mining and processing at the Neta Joint Venture (JV) within the Edjudina Project, producing 5,267.9 ounces of gold with a payment of $7,000,000 received from their mining partner BML Ventures Pty Ltd as GIB's share of the JV profit. Additional cash distributions are anticipated following the completion of the Greenfields milling campaign. Gibb River conducted a Phase 1 aircore drilling program on the newly acquired M31/481 mining lease. The company recorded net cash from operating activities of $7,485k and ended the period with cash and cash equivalents totaling $7,755k, allowing for continued exploration and potential acquisition opportunities.
Key Points
  • Completion of mining and processing at Neta JV, part of Edjudina Project.
  • Total gold production to date: 5,267.9 ounces, excluding final processing yet to be reported.
  • $7,000,000 payment received from BML Ventures Pty Ltd as GIB's share of JV profit.
  • Pending cash distribution of JV profit after Greenfields milling campaign.
  • Phase 1 aircore drilling program conducted on M31/481.
  • Net cash from operating activities: $7,485k for the quarter.
  • Cash and cash equivalents at end of period: $7,755k.
  • Strong cash position allows for continued exploration and potential acquisitions.
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.