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Hamelin Gold Limited (ASX:HMG)

ALERT: Price-sensitive ASX Announcement for HMG
Current share price for HMG : $0.145 0.035 (31.82%)+
Announcement
Release
24 Apr 2026 1:40PM
Price at Release
$0.110
Full Release
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Summary
Hamelin Gold Limited, operating in Western Australia's premier gold provinces, released its quarterly activities report for the period ending 31 March 2026. The report highlighted ongoing and planned exploration initiatives across its key projects, particularly in the Paterson, Yilgarn, and Tanami provinces. Significant focus is placed on the Day Dawn Project near the Telfer gold mine, where substantial drilling is planned. Financially, Hamelin reported cash reserves of approximately $3.1 million and continued exploration investments, alongside a strategic asset sale. The company's intent is to expand its high-grade gold mineralization through modern exploration techniques.
Key Points
  • Hamelin Gold Limited focuses on exploration activities in Western Australia's Yilgarn, Tanami, and Paterson provinces.
  • Significant projects include the Aurora, Sparrows, and Phoenix prospects within the Day Dawn Project located near the Telfer gold mine.
  • Hamelin plans to undertake a 3,000-meter RC drilling program at the Day Dawn Project starting May/June 2026.
  • The company holds a robust exploration portfolio with projects also in Venus (Yilgarn Province) and West Tanami.
  • Cash reserves at the end of March 2026 were approximately $3.1 million.
  • Financial activities during the quarter resulted in a net cash outflow of $220,000 from operating activities.
  • The sale of the Ularring project to Gorilla Gold was completed, contributing $200,000 in shares to the financials.
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.