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MinRex Resources Limited (ASX:MRR)

ALERT: Price-sensitive ASX Announcement for MRR
Current share price for MRR : $0.013 -0.006 (-31.58%)+
Announcement
Release
30 Apr 2026 1:25PM
Price at Release
$0.019
Full Release
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Summary
MinRex Resources Limited completed a merger with Electrum Discovery Corp, providing MinRex with a significant landholding in Serbia. The company's portfolio now includes the Tlamino Gold Project and the Timok East Copper-Gold Project, enhancing its position as a well-funded gold and copper explorer with over 1Moz gold endowment. The quarterly activities report highlights the company's strategic focus on resource expansion and feasibility studies, with cash at bank amounting to $8 million. Significant exploration activities are underway at the Tlamino Gold Project, and MinRex plans further drilling programs to support resource growth. The report also includes the Appendix 5B Cash Flow, indicating a decrease in cash equivalents due to operating activities and related party payments.
Key Points
  • Completion of merger with Electrum Discovery Corp.
  • Secured large landholding in Serbia: Tlamino Gold Project and Timok East Copper-Gold Project.
  • Company's cash position: $8 million at end of quarter.
  • Focus on resource expansion and feasibility at Tlamino.
  • Appendix 5B Cash Flow Report indicates cash flow from operating activities was negative due to exploration and related party payments.
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.