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Manhattan Gold Corporation Limited (ASX:MHC)

ALERT: Price-sensitive ASX Announcement for MHC
Current share price for MHC : $0.021 0 (0%)+
Announcement
Release
22 Apr 2026 10:01AM
Price at Release
$0.021
Full Release
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Summary
Manhattan Gold Corporation Limited (ASX: MHC) reported its activities for the March 2026 quarter, highlighting a successful A$3 million capital raise to fund the Hook Lake drill program, which includes 4,000 meters of RC drilling and till sampling. The company expanded its exploration footprint by 81km² with six new mineral claims, supported by an expanded airborne magnetic survey to be completed in May 2026. The project received necessary regulatory and community approvals, ensuring drilling permits for up to seven years. The board saw new appointments and transitions, including Gavin Rezos as Non-Executive Chairman. Financially, the company had cash and cash equivalents of A$4,021,000 at the end of the quarter, with net cash outflow from operating activities at A$594,000, while financing activities brought in A$2,158,000.
Key Points
  • Hook Lake drill program funded with A$3 million capital raise.
  • Exploration footprint expanded by 81km² with new mineral claims.
  • Airborne magnetic survey resumed to cover 12,600+ line km.
  • Regulatory approvals and community support secured.
  • Board renewal with new appointments and transitions.
  • Cash and cash equivalents at end of March 2026 quarter were A$4,021,000.
  • Net cash from operating activities was negative A$594,000.
  • Net cash from financing activities was positive A$2,158,000.
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.