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Octava Minerals Limited (ASX:OCT)

ALERT: Price-sensitive ASX Announcement for OCT
Current share price for OCT : $0.020 -0.013 (-39.39%)+
Announcement
Release
29 Apr 2026 6:16PM
Price at Release
$0.033
Full Release
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Summary
Octava Minerals Limited reported its quarterly activities and cash flow for the period ending 31 March 2026. Notably, the company completed its maiden exploration drill program at the Byro Critical Minerals Project. This drilling targeted mineralized shales and secured sample material for further testwork. Additionally, the company conducted its first drilling in nearly 50 years at the Sweeney’s and Anomaly 1 prospects in Tasmania, with positive assay results. In terms of financial performance, Octava reported net cash outflows from operating activities of $196,000 and $508,000 from investing activities, primarily for exploration. The company had $1.035 million in cash reserves at the end of the quarter and anticipates continuing its exploration efforts with adjustments based on funding availability.
Key Points
  • Completed maiden exploration drill program at Byro Critical Minerals Project.
  • First drilling in nearly 50 years at Sweeney’s and Anomaly 1 in Tasmania.
  • Net cash outflows from operations at $196,000.
  • Net cash outflows from investing activities at $508,000.
  • Cash reserves of $1.035 million at quarter end.
  • Future exploration activities will be adjusted based on funding.
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.