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Moonlight Resources Ltd (ASX:ML8)

ALERT: Price-sensitive ASX Announcement for ML8
Current share price for ML8 : $0.160 -0.015 (-8.57%)+
Announcement
Release
28 Apr 2026 3:32PM
Price at Release
$0.175
Full Release
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Summary
Moonlight Resources Ltd reported significant progress in its exploration activities during the quarter ending 31 March 2026. The company's maiden drilling program at the Leo Grande Prospect yielded promising gold intercepts, and a second phase of drilling is currently underway. Supported by a robust cash balance of A$7.976 million, Moonlight Resources is set to continue its exploration efforts aggressively. The company recorded expenditures of approximately A$0.670 million on exploration activities for the quarter and reported no mining production or development activities. The financial outlook remains strong, with strategic plans for continued exploration and development in the upcoming quarters.
Key Points
  • Moonlight Resources Ltd completed their maiden reverse circulation drilling program at Leo Grande Prospect with significant gold intercepts.
  • The Phase 2 drilling program is underway with expectations of assay results by May 2026.
  • Moonlight Resources reported a strong cash balance of A$7.976 million at the end of March 2026.
  • The company expended approximately A$0.670 million on exploration activities during the quarter.
  • Moonlight Resources plans to continue aggressive exploration with a focus on shallow extensions at Leo Grande Central.
  • Moonlight Resources achieved multiple thick, near-surface gold intervals in their drilling results.
  • The company has no mining production and development activities reported during the quarter.
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.