InvestSMART

Moonlight Resources Ltd (ASX:ML8)

ALERT: Price-sensitive ASX Announcement for ML8
Current share price for ML8 : $0.150 0.03 (25%)+
Announcement
Release
31 Jul 2026 8:41AM
Price at Release
$0.120
Full Release
download
Summary
Moonlight Resources Ltd reported on its quarterly activities and cash flow for the period ending 30 June 2026. The company focused on the expansion of the Leo Grande gold system within its Clermont Gold Project, achieving significant drilling results that extended the mineralised footprint. Approximately A$1.55 million was spent on exploration, with the company holding A$6.135 million in cash reserves at the end of the quarter. No production activities took place. Financially, the company has enough cash to last for 3.3 quarters, with no new financing facilities taken out during this period.
Key Points
  • Moonlight Resources Ltd focused on expanding its Leo Grande gold system.
  • Phase 2 RC drilling extended the mineralised footprint at Leo Grande.
  • Significant assay results included gold mineralisation from surface and at depth.
  • The company spent approximately A$1.55 million on exploration activities.
  • No mining production and development activities were reported during the quarter.
  • The company has a cash balance of A$6.135 million as of the quarter end.
  • Moonlight confirmed plans to continue its exploration activities.
  • Payments for directors' fees and salaries were reported as related party transactions.
  • The company has estimated 3.3 quarters of funding available based on cash reserves.
  • No new financing facilities were entered into during the period.
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.