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Invert Graphite Limited (ASX:IVG)

ALERT: Price-sensitive ASX Announcement for IVG
Current share price for IVG : $0.038 0.012 (46.15%)+
Announcement
Release
23 Apr 2026 9:56AM
Price at Release
$0.026
Full Release
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Summary
InVert Graphite Limited (ASX: IVG) has released its quarterly activities report and cash flow report for the period ending 31 March 2026. The company focused on the Morogoro Graphite Project in Tanzania, their flagship project, which is 100% owned and spans approximately 386km² of exploration ground. The quarter's activities included the completion of a maiden drilling program at the Kumba prospect, yielding high-grade graphite intercepts up to 21.5% Total Graphitic Carbon (TGC). Drilling was paused due to the wet season, and the company is preparing for further exploration phases. In cash flow activities, the company reported net cash used in operating activities was A$239,000 and in investing activities A$304,000, with ending cash and equivalents at A$1,933,000. There were no financing activities during this quarter.
Key Points
  • Focused on Morogoro Graphite Project in Tanzania.
  • Completed maiden drilling program at Kumba prospect.
  • High-grade graphite intercepts up to 21.5% TGC.
  • Paused drilling due to wet season.
  • Net cash used in operating activities A$239,000.
  • Net cash used in investing activities A$304,000.
  • Ending cash and equivalents A$1,933,000.
  • No financing activities during the quarter.
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.