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Marquee Resources Limited (ASX:MQR)

ALERT: Price-sensitive ASX Announcement for MQR
Current share price for MQR : $0.004 -0.004 (-50%)+
Announcement
Release
30 Apr 2026 9:35AM
Price at Release
$0.008
Full Release
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Summary
Marquee Resources Limited, an Australian exploration company, released their quarterly activities and cash flow report for the quarter ending March 31, 2026. The company reported a net cash outflow from operating activities of $302,000 and an outflow of $285,000 from investing activities, primarily due to exploration and evaluation activities. Significant progress was made in exploration, with the completion of the Phase 2 RC drilling program at the Mt Clement project, confirming antimony mineralization and delineating new mineralized structures. Marquee also initiated a strategic engagement with Yantai Jinao for metallurgical testing, reflecting potential production-grade scenarios. Additionally, a structured exploration program across its Mt Clement tenement is underway, aiming to assess gold potential across the area. The report highlights ongoing projects and collaborations across Australia and Nevada, USA, with varying equity interests in these explorations.
Key Points
  • Net cash outflow from operating activities was $302,000.
  • Investing activities led to a cash outflow of $285,000.
  • Phase 2 RC drilling program completed at Mt Clement.
  • Antimony mineralization confirmed and new structures delineated.
  • Strategic engagement with Yantai Jinao for metallurgical testing.
  • Initiated gold exploration program across Mt Clement.
  • Ongoing projects and collaborations in Australia and Nevada.
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.