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LinQ Minerals Limited (ASX:LNQ)

ALERT: Price-sensitive ASX Announcement for LNQ
Current share price for LNQ : $0.365 0.095 (35.19%)+
Announcement
Release
27 Jul 2026 8:22AM
Price at Release
$0.270
Full Release
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Summary
LinQ Minerals Limited's quarterly activities report for June 2026 highlights successful drilling campaigns at the Gilmore Project. The company reported positive results from their maiden drilling at the Monza copper-gold prospect and continued expansion of high-grade gold-copper zones at the Dam deposit. The company's exploration efforts are bolstered by a strong cash reserve of $16.2 million. The report includes a detailed Appendix 5B, illustrating financial activities with a focus on operating and investing cash flows. LinQ's extensive tenement holdings in New South Wales position it as a significant force in regional copper-gold exploration.
Key Points
  • LinQ Minerals Limited reported significant progress in their drilling activities during the June quarter of 2026.
  • The company completed a maiden drilling campaign at the Monza prospect in the Central Zone, confirming shallow, thick copper-gold mineralisation.
  • Drilling in the Southern Zone at the Dam deposit extended the high-grade gold-copper core further down dip.
  • LinQ has a cash position of approximately $16.2 million, supporting continued exploration activities.
  • The Central Zone hosts a 17km long mineralised corridor with various deposits and targets, including Estoril and Monza.
  • Phase 2 drilling at the Dam deposit yielded important results, expanding higher-grade resources.
  • Geophysical surveys and infill drilling are ongoing at the Gidginbung South target area to identify further mineralisation potential.
  • Appendix 5B details the company's financial activities, with net cash from operating activities reported as negative $3.3 million for the quarter.
  • LinQ Minerals holds a substantial tenement package in New South Wales, positioning them as a key player in the region's copper-gold exploration.
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.