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Loyal Metals Ltd (ASX:LLM)

ALERT: Price-sensitive ASX Announcement for LLM
Current share price for LLM : $0.445 0.005 (1.14%)+
Announcement
Release
28 Jul 2026 8:56AM
Price at Release
$0.440
Full Release
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Summary
Loyal Metals Ltd provided its Quarterly Activities Report for the period ending 30 June 2026, highlighting its acquisition of the Highway Reward Copper Gold-Mine in Queensland, Australia. The company exercised its option to acquire this mine and the Big Magpie Project, with significant drilling results confirming strong mineralization. Additionally, Loyal Metals entered into a Scheme Implementation Deed with PT Bumi Resources Tbk for a complete acquisition by Bumi. This quarter's focus was on advancing the Scheme of Arrangement with Bumi. Financially, the company reported total available funding of A$2.160 million, with significant expenditures on exploration and related activities.
Key Points
  • Loyal Metals Ltd secured an option agreement to acquire the Highway Reward Copper Gold-Mine in Queensland.
  • The company exercised its option to acquire the Highway Reward Copper–Gold Mine and Big Magpie Project.
  • A Scheme Implementation Deed was entered with PT Bumi Resources Tbk for the acquisition of all shares by Bumi.
  • Highway Reward drilling results showed promising continuity in mineralized systems.
  • The company is focused on progressing the Scheme of Arrangement with PT Bumi Resources Tbk.
  • Total funding available as of 30 June 2026 was A$2.160 million.
  • Exploration and evaluation expenditure during the quarter totaled A$337,000.
  • Payments to related parties during the quarter amounted to A$187,000.
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.