InvestSMART

Metalstech Limited (ASX:MTC)

ALERT: Price-sensitive ASX Announcement for MTC
Current share price for MTC : $0.165 -0.02 (-10.81%)+
Announcement
Release
30 Jul 2026 8:44AM
Price at Release
$0.185
Full Release
download
Summary
Metalstech Limited's quarterly report for the period ending 30th June 2026 highlights their ongoing work on the Sturec Gold Project in Slovakia, focusing on the Pre-Feasibility Study (PFS) and associated activities such as drilling and metallurgical testing. The company reported a strong cash balance of A$7.7 million, with significant cash inflows from financing activities offsetting operational expenses. Key undertakings included environmental assessments to adhere to international and local regulations, with efforts aimed at de-risking the development pathway of the project.
Key Points
  • MetalsTech Limited focused on advancing the Sturec Gold Project in Slovakia.
  • Pre-Feasibility Study (PFS) underway with significant technical advancements.
  • Drilling campaign commenced to support PFS and potential resource expansion.
  • Metallurgical testing continues to confirm recovery processes and optimize plant design.
  • Environmental Impact Assessment (EIA) progressing with international and local compliance.
  • Strong cash position with cash and cash equivalents of approximately A$7.7 million at the end of the quarter.
  • Net cash outflows from operating activities were A$370,000.
  • Net cash inflows from financing activities amounted to A$1,545,000.
  • Exploration and evaluation expenses were significant, impacting cash outflows.
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.