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Kali Metals Limited (ASX:KM1)

ALERT: Price-sensitive ASX Announcement for KM1
Current share price for KM1 : $0.082 -0.001 (-1.20%)+
Announcement
Release
27 Jul 2026 8:29AM
Price at Release
$0.083
Full Release
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Summary
The quarterly report for Kali Metals Limited, listed as KM1 on ASX, highlights the company's financial and operational activities up to June 30, 2026. Kali Metals completed a Phase II drilling program at the Marble Bar Gold Project, revealing significant gold mineralization with further prospects identified. Cash flows from operating activities were negative due to payments for staff and corporate costs, while financing activities provided a net positive cash flow, primarily from equity securities issuance. The company ended the quarter with a strong cash position of $6.84 million and zero debt. There were no mining production activities during the quarter. Corporate activities included a capital raise through a tranche placement and changes in the board with the resignation of a non-executive director. The company is focused on advancing exploration and development across its gold, lithium, and tin projects.
Key Points
  • Phase II drilling at Marble Bar Gold Project completed with significant results.
  • New gold prospects identified post-quarter with high-grade assays.
  • Negative net cash flow from operating activities.
  • Positive net cash flow from financing activities via equity issuance.
  • Strong cash position of $6.84 million at quarter-end.
  • No mining production activities were undertaken during the quarter.
  • Successful capital raise through tranche placement.
  • Board changes with the resignation of a non-executive director.
  • Focus on advancing exploration and development 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.