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Kingsland Minerals Ltd (ASX:KNG)

ALERT: Price-sensitive ASX Announcement for KNG
Current share price for KNG : $0.042 -0.035 (-45.45%)+
Announcement
Release
29 Apr 2026 2:15PM
Price at Release
$0.077
Full Release
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Summary
Kingsland Minerals Ltd's quarterly report highlights the company's cash position, with a balance of approximately $1.139 million as of March 31, 2026. The report details various cash flows, including operating, investing, and financing activities. The company reports a net cash outflow of $275,000 from operating activities, primarily due to staff costs and administration expenses. Investing activities were mostly directed towards exploration and evaluation, resulting in a net outflow of $253,000. Financing activities included proceeds from equity securities, leading to an inflow of $2,141,000. The report also mentions payments to related parties and directors' fees. The company holds several exploration licenses in the Northern Territory and Western Australia, focusing on the Leliyn Graphite Project, which is considered one of Australia's significant graphite deposits.
Key Points
  • Cash balance of $1.139 million as of March 31, 2026.
  • Net cash outflow from operating activities: $275,000.
  • Investing activities focused on exploration with $253,000 outflow.
  • Financing activities led to $2,141,000 inflow.
  • Directors' fees and related party payments totaled $131,000.
  • Major projects include Leliyn Graphite Project in the Northern Territory.
  • Company holds 100% ownership in multiple exploration licenses.
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.