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McLaren Minerals Limited (ASX:MML)

ALERT: Price-sensitive ASX Announcement for MML
Current share price for MML : $0.016 0.004 (33.33%)+
Announcement
Release
31 Jul 2026 11:03AM
Price at Release
$0.012
Full Release
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Summary
McLaren Minerals Limited reported its activities for the quarter ending 30 June 2026, highlighting significant progress in its McLaren Titanium Project in Western Australia. The company completed a major drilling campaign as part of the Bankable Feasibility Study, achieving substantial mineral resource upgrades with high-grade intersections and discovering new mineralization zones. The project aims to enhance the current mineral resource and develop a maiden Ore Reserve. The company also successfully raised A$1.65 million through a Share Purchase Plan to support these initiatives. Financially, cash at the end of the quarter was A$2.625 million, with net cash outflows from operations and investing activities. Additionally, McLaren Minerals is awaiting the transfer of tenements related to the Barossa Zircon Project in South Australia.
Key Points
  • Completion of McLaren Titanium Project drilling campaign.
  • Substantial resource upgrade with high-grade intersections.
  • Successful Share Purchase Plan raised A$1.65 million.
  • Cash on hand at quarter end: A$2.625 million.
  • Awaiting transfer of Barossa Zircon Project tenements.
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.