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Mantle Minerals Limited (ASX:MTL)

ALERT: Price-sensitive ASX Announcement for MTL
Current share price for MTL : $0.001 0 (0%)+
Announcement
Release
29 Apr 2026 8:17AM
Price at Release
$0.001
Full Release
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Summary
The quarterly activities report for Mantle Minerals Limited, for the period ended 31 March 2026, outlines several key developments in their exploration projects. The company completed high-resolution gravity and HVSR surveys at the Yule River Project, identifying nine priority drill targets across various mineralization styles. The report also highlights the completion of a significant cash transaction involving the divestment of a subsidiary for $13.5 million, which contributed to the company's net cash from investing activities. The cash flow statement reveals a decrease in net cash from operating activities, while the company maintains a stable cash position with $5.611 million in cash and cash equivalents at the end of the quarter. The estimated quarters of funding available are over 42 quarters, indicating a solid financial footing to support future operations. No substantive mining production and development activities occurred during the quarter.
Key Points
  • Nine priority drill targets identified at the Yule River Project.
  • Completed high-resolution gravity and HVSR surveys at the Yule River Project.
  • Divestment of Mt Roe Mining Pty Ltd for $13.5 million.
  • Net cash from operating activities decreased by $132,000.
  • Ending cash balance at $5.611 million.
  • Estimated quarters of funding available exceed 42 quarters.
  • No substantive mining production activities during the quarter.
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.