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Octava Minerals Limited (ASX:OCT)

ALERT: Price-sensitive ASX Announcement for OCT
Current share price for OCT : $0.019 -0.002 (-9.52%)+
Announcement
Release
31 Jul 2026 1:18PM
Price at Release
$0.021
Full Release
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Summary
Octava Minerals Limited, listed as ASX: OCT, reported its quarterly activities for the period ending 30 June 2026. The company highlighted significant progress in its exploration projects, particularly at the Byro Critical Minerals project, where a large exploration target of 4.9 to 7.4 billion tonnes of mineralised black shale was identified. Drilling at the Federation Project in Tasmania also reported significant mineral intercepts. Financially, Octava reported a net decrease in cash with $356,000 in cash equivalents by the quarter's end, alongside payments to directors and related acquisitions amounting to $169,000. The company's projects focus on critical minerals exploration in Western Australia and Tasmania.
Key Points
  • Octava Minerals Limited reported significant exploration progress at the Byro Critical Minerals project.
  • The company identified a substantial exploration target of 4.9 to 7.4 billion tonnes of mineralised black shale.
  • Drilling at Federation Project in Tasmania yielded significant intercepts including copper, indium, silver, and tin.
  • The company reported a net cash decrease in cash equivalents to $356,000 at the end of June 2026.
  • Payments to directors and acquisitions from related parties totaled $169,000 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.