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Minerals Exploration Limited (ASX:MEX)

ALERT: Price-sensitive ASX Announcement for MEX
Current share price for MEX : $0.058 -0.037 (-38.95%)+
Announcement
Release
30 Apr 2026 9:20AM
Price at Release
$0.095
Full Release
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Summary
Minerals Exploration Limited has reported its quarterly activities and cash flow for the period ending 31 March 2026. The report highlights the company's exploration activities across several projects in New Zealand, Australia, and the USA. In New Zealand, drilling continues at the Jubilee Gold Project with assay results pending for several holes. The Invincible Gold-Tungsten Project has completed initial sampling with promising results, and further exploration efforts are underway. In Australia, no new exploration activities were conducted. In the USA, the annual lease and fees for the East Canyon Uranium Project were renewed. The financial overview shows cash reserves of $3.88 million, with notable cash outflows from exploration and evaluation activities. The company raised $3.65 million through equity securities during the quarter. A new Non-Executive Director, Mr. Jason Beckton, was appointed to the board.
Key Points
  • Quarterly cash flow report for period ending 31 March 2026.
  • Drilling ongoing at Jubilee Gold Project, New Zealand.
  • Initial sampling completed at Invincible Gold-Tungsten Project.
  • No new exploration activities in Australia.
  • Renewal of lease for East Canyon Uranium Project, USA.
  • Cash reserves at $3.88 million.
  • Equity securities raised $3.65 million.
  • Appointment of Non-Executive Director, Jason Beckton.
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.