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North Stawell Minerals Ltd (ASX:NSM)

ALERT: Price-sensitive ASX Announcement for NSM
Current share price for NSM : $0.022 0.001 (4.76%)+
Announcement
Release
31 Jul 2026 2:32PM
Price at Release
$0.021
Full Release
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Summary
North Stawell Minerals Ltd's June 2026 Quarterly Activities Report highlights significant advancements in exploration activities at the North Stawell Gold Project in Victoria. During the quarter, the company focused on the Darlington and Caledonia prospects, executing follow-up diamond drilling and air core drilling programs that expanded the mineralised gold zones. These activities resulted in identifying high-grade gold intercepts and defining a robust pipeline of drill-ready targets. The company spent $329,700 on exploration and maintained a cash balance of $701,960 as of 30 June 2026. Notably, the exploration efforts have extended the mineralisation footprint, presenting exciting opportunities for further discovery.
Key Points
  • North Stawell Minerals spent $203,800 on operating activities and $329,700 on exploration.
  • Follow-up diamond and air core drilling programs were conducted at Darlington and Caledonia.
  • High-grade gold intercepts were identified, expanding the mineralisation zones.
  • The mineralised footprint remains open, offering new exploration targets.
  • The company held $701,960 in cash at the end of the quarter.
  • No mining production or development activities were undertaken during the quarter.
  • 277,778 performance rights were converted to Ordinary Fully Paid Shares.
  • The company maintains a strategic focus on the Stawell Corridor with a mineral systems framework.
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.