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Koonenberry gold Limited (ASX:KNB)

ALERT: Price-sensitive ASX Announcement for KNB
Current share price for KNB : $0.022 -0.035 (-61.40%)+
Announcement
Release
17 Oct 2025 8:21AM
Price at Release
$0.057
Full Release
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Summary
Koonenberry Gold Limited reported its quarterly activities for the period ending 30 September 2025. The company made progress at its Enmore Gold Project by extending the mineralised zone at the Sunnyside Prospect to 260m and identifying new drill targets along the Sunnyside Shear Zone. Additionally, the company continued exploration activities at its Lachlan Projects, particularly the Prince of Wales and Wilga Projects, identifying several gold and copper targets. Financially, Koonenberry reported a cash balance of $7.8 million with no debt and an operating expenditure of $700,000 for the quarter. The company also incurred exploration expenditure of $391,000. Related party payments during the quarter totaled $158,000, including fees for directors and consulting services.
Key Points
  • Quarterly report for period ending 30 September 2025.
  • Extended mineralised zone at Sunnyside Prospect to 260m.
  • Identified new drill targets along the Sunnyside Shear Zone.
  • Continued exploration at Lachlan Projects, identifying gold and copper targets.
  • Cash balance of $7.8 million with no debt.
  • Operating expenditure for the quarter was $700,000.
  • Exploration expenditure of $391,000 reported.
  • Related party payments totaled $158,000.
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.