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Golden State Mining Limited (ASX:GSM)

ALERT: Price-sensitive ASX Announcement for GSM
Current share price for GSM : $0.011 -0.001 (-8.33%)+
Announcement
Release
22 Apr 2026 8:15AM
Price at Release
$0.012
Full Release
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Summary
Golden State Mining Limited's quarterly activities report for the period ending 31 March 2026 highlights the company's financial activities, with operating cash outflows of $208,000, investing cash outflows of $3,000, and financing inflows of $1,488,000. The company maintains a cash balance of $1,304,000 and actively explores several projects, including the Yule Project and Southern Cross East Project, focusing on gold exploration. The report outlines ongoing activities and strategic initiatives to optimize exploration efforts and seek new opportunities. The company remains well-positioned financially to continue its exploration and operational activities.
Key Points
  • The company ended the quarter with $1,304,000 in cash and cash equivalents.
  • Operating activities resulted in a net cash outflow of $208,000 for the quarter.
  • Investing activities reported a negligible impact with a $3,000 outflow.
  • Financing activities contributed a net inflow of $1,488,000, primarily from the issuance of equity securities.
  • Golden State Mining Limited holds a range of mining tenements, including the Yule Project and Southern Cross East Project.
  • The Yule Project explores for gold in the Mallina Basin, known for its granite and structural traps.
  • The Southern Cross East Project targets gold near the Mt Dimer shear zone, with ongoing exploration activities.
  • Golden State Mining Limited continues to seek new exploration strategies and project opportunities.
  • The company's current projects and prospective activities are aligned with anticipated funding.
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.