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Metals Australia Ltd (ASX:MLS)

ALERT: Price-sensitive ASX Announcement for MLS
Current share price for MLS : $0.019 -0.004 (-17.39%)+
Announcement
Release
30 Apr 2026 8:04AM
Price at Release
$0.023
Full Release
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Summary
In its quarterly report for the period ending 31 March 2026, Metals Australia Ltd (ASX: MLS) highlighted several significant developments. The company reported continued progress on its flagship Lac Carheil flake-graphite project in Quebec, Canada, with the completion of major project studies expected in the first half of 2026. The company is advancing both upstream graphite production and downstream Battery Anode Material refinery projects, with promising economic assessments indicating a pre-tax NPV of $2.05 billion USD. The cash flow report for the quarter shows a net cash decrease, primarily due to capitalized exploration and evaluation expenses. The company ended the quarter with $4.399 million in cash and cash equivalents. Metals Australia emphasizes its strong cash position to support ongoing project developments in Quebec and Western Australia, including the Manindi vanadium-titanium-magnetite project.
Key Points
  • Completion of major project studies at Lac Carheil expected by mid-2026.
  • Successful advancement of both upstream graphite production and downstream Battery Anode Material refinery projects.
  • Pre-tax NPV of $2.05 billion USD for the Quebec project demonstrating strong economic viability.
  • Net decrease in cash due to exploration and evaluation expenses.
  • Quarter ended with $4.399 million in cash and cash equivalents.
  • Strong cash position supports project developments in Quebec and Western Australia.
  • Focus on the Manindi vanadium-titanium-magnetite 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.