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Metalstech Limited (ASX:MTC)

ALERT: Price-sensitive ASX Announcement for MTC
Current share price for MTC : $0.165 -0.105 (-38.89%)+
Announcement
Release
29 Apr 2026 4:16PM
Price at Release
$0.270
Full Release
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Summary
MetalsTech Limited, an Australian mining company, has released its quarterly activities and Appendix 5B cash flow report for the period ending 31 March 2026. The company is advancing its Pre-Feasibility Study (PFS) for the Sturec Gold Mine in Slovakia, with ongoing metallurgical testing and planning for further drilling campaigns. During the quarter, MetalsTech secured $7.513 million in cash through share placements, contributing to a strong cash position of $6.758 million at quarter-end. The company reported cash outflows of $603,000 from operating activities, primarily related to corporate and administrative expenses, and $167,000 from investing activities linked to exploration work at the Sturec site. No dividends were paid, and the overall net cash from financing activities was positive due to successful fundraising efforts. The company is led by an experienced team, with recent board and management appointments to support its strategic objectives.
Key Points
  • MetalsTech is focused on its Sturec Gold Mine project in Slovakia.
  • The company is conducting a Pre-Feasibility Study with Mining One.
  • Cash inflows of $7.513 million from share placements.
  • Cash and cash equivalents at quarter-end were $6.758 million.
  • Cash outflows included $603,000 for operations and $167,000 for investments.
  • Strategic board and management appointments were made.
  • The Sturec Gold Project has a significant Measured, Indicated, and Inferred JORC resource.
  • MetalsTech continues to explore and expand its resource base.
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.