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Maverick Minerals Australia Ltd (ASX:M96)

ALERT: Price-sensitive ASX Announcement for M96
Current share price for M96 : $0.007 0 (0%)+
Announcement
Release
31 Jul 2026 3:14PM
Price at Release
$0.007
Full Release
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Summary
Maverick Minerals Australia Ltd (ASX:M96) reported on its quarterly activities and financials for the period ending 30 June 2026. The company focused on its exploration and acquisition efforts, including the Bonnie Rock and Viper Projects. Key activities involved reconnaissance exploration, soil sampling, and maintaining the Tampu Project while exploring options for kaolin to HPA conversion. The acquisition of the Viper Project was finalized, aiming to explore for niobium and rare earths. Financially, the company raised $5 million through investor placements and concluded the period with a cash balance of $5.3 million. Payments to related parties amounted to $68,000, mostly for directors' fees and related costs.
Key Points
  • Maverick Minerals Australia Ltd (ASX:M96) provided a summary of activities and attached Appendix 5B for the quarter ending 30 June 2026.
  • The company continued exploration efforts and acquisitions, focusing on the Bonnie Rock Project and the newly acquired Viper Project.
  • The Bonnie Rock Project involved reconnaissance exploration and sample assays pending results.
  • The Earoo Project included soil sampling to assess the need for aircore drilling.
  • The Tampu Project maintained exploration expenditure with plans for kaolin to HPA research.
  • The Viper Project acquisition from Caprice Resources Ltd was completed, focusing on niobium, rare earths, and IOCG deposits.
  • Company's cash position at the end of the quarter was $5.3 million.
  • Payments to related parties totaled approximately $68,000 for the quarter.
  • The company raised $5 million through a two-tranche placement to sophisticated investors.
  • Future plans include increased exploration activities and a drilling program for the Viper Project.
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.