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LinQ Minerals Limited (ASX:LNQ)

ALERT: Price-sensitive ASX Announcement for LNQ
Current share price for LNQ : $0.275 -0.085 (-23.61%)+
Announcement
Release
23 Apr 2026 8:10AM
Price at Release
$0.360
Full Release
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Summary
LinQ Minerals Limited reported its quarterly activities for the period ending 31 March 2026, detailing ongoing exploration across its Gilmore Gold-Copper Project. The company continued drilling at the Dam and Gidginbung deposits in the Southern Zone, achieving significant results including high-grade gold intersections. A maiden drilling program was initiated at the Monza prospect in the Central Zone. LinQ raised $15.4 million through an institutional placement to expedite drilling efforts. The company ended the quarter with a strong cash position of approximately $20 million and continued to manage its expenditures effectively. Detailed drilling results and exploration activities highlight the company's ongoing commitment to developing its mineral resources.
Key Points
  • Continued exploration at Gilmore Gold-Copper Project.
  • Drilling at Dam and Gidginbung deposits with significant gold intersections.
  • Initiated maiden drilling at Monza prospect.
  • Raised $15.4 million through institutional placement.
  • Strong cash position of $20 million.
  • Focused on expanding higher-grade gold and copper resources.
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.