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Medallion Metals Limited (ASX:MM8)

ALERT: Price-sensitive ASX Announcement for MM8
Current share price for MM8 : $0.530 0.11 (26.19%)+
Announcement
Release
31 Jul 2026 9:04AM
Price at Release
$0.420
Full Release
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Summary
Medallion Metals Limited has released its Quarterly Activities/Appendix 5B Cash Flow Report for the period ending June 2026. The report details the company's financial activities, including cash flows associated with operating and investing activities, specifically in mining exploration and evaluation. The report indicates a net cash outflow from operating activities amounting to $5,614,000 Australian, with significant expenditures in exploration and evaluation activities totaling $2,757,000 Australian. Despite these outflows, the company maintains a healthy cash balance of $54,017,000 Australian at quarter end, providing an estimated 6.45 quarters of funding available. The document also notes the repayment of a shareholder loan from PHGM Pty Ltd during the quarter and elaborates on relevant financial assumptions used in their strategic assessments.
Key Points
  • Quarterly Activities/Appendix 5B Cash Flow Report released for June 2026.
  • Net cash outflow from operating activities was $5,614,000 Australian.
  • Expenditures for exploration and evaluation activities amounted to $2,757,000 Australian.
  • Cash balance at end of quarter was $54,017,000 Australian.
  • Estimated 6.45 quarters of funding available.
  • Repayment of shareholder loan from PHGM Pty Ltd completed.
  • Technical and commercial assumptions for strategic assessments detailed.
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.