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Lithium Plus Minerals Ltd (ASX:LPM)

ALERT: Price-sensitive ASX Announcement for LPM
Current share price for LPM : $0.115 0 (0%)+
Announcement
Release
30 Apr 2026 12:17PM
Price at Release
$0.115
Full Release
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Summary
Lithium Plus Minerals Ltd, an Australian lithium exploration company, provided its quarterly activities and cash flow report for the period ended 31 March 2026. The company reported a cash balance of A$1.33 million with net cash used in operating activities amounting to A$225,000, driven by staff and administration costs. Exploration and evaluation costs were A$223,000. The company focuses on advancing the Lei Lithium Project in Northern Territory, aiming for a development decision with Canmax Technologies. A non-binding agreement was signed with Darwin Port for lithium export. The company estimates approximately three quarters of funding availability based on current cash flow.
Key Points
  • Lithium Plus Minerals Ltd reported a cash balance of A$1.33 million at the end of March 2026.
  • No significant changes to exploration activities were reported during the quarter.
  • Net cash used in operating activities was A$225,000, primarily due to staff costs and administration expenses.
  • Exploration and evaluation expenditure during the quarter amounted to A$223,000.
  • The company has a strategic focus on the Lei Lithium Project in Northern Territory, Australia.
  • A non-binding Heads of Agreement was signed with Darwin Port Operations for potential lithium export.
  • Lithium Plus is targeting a development decision for its direct shipped ore strategy in collaboration with Canmax Technologies.
  • No financing activities were reported for the quarter.
  • Estimated quarters of funding available are approximately 3, based on current cash flow.
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.