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Olympio Metals Limited (ASX:OLY)

ALERT: Price-sensitive ASX Announcement for OLY
Current share price for OLY : $0.050 -0.008 (-13.79%)+
Announcement
Release
30 Apr 2026 10:36AM
Price at Release
$0.058
Full Release
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Summary
Olympio Metals Limited, trading on ASX as OLY, reported its quarterly activities for the period ending 31 March 2026. The company focused on advancing its exploration projects, most notably the Bousquet Gold Project in Canada, where a maiden drill program confirmed significant gold mineralization. They also expanded into the USA with acquisitions of the Raven Silver Project in Montana and Sawtooth Antimony Project in Idaho, targeting silver, antimony, and copper. The company successfully raised A$3.0 million through an oversubscribed placement and maintained a robust cash position of $1.92 million at the quarter's end, with additional funds pending approval. The Appendix 5B cash flow report detailed expenditures related to exploration, evaluation, and corporate activities, reflecting the company's ongoing investment in its high-potential projects. The report was prepared in compliance with ASX standards, offering a transparent view of Olympio Metals' financial and operational standing.
Key Points
  • Olympio Metals Limited reported its activities for the quarter ending 31 March 2026.
  • The company focused on field exploration at the Bousquet Gold Project in Canada and expanded into the USA with projects in Montana and Idaho.
  • Olympio Metals completed a maiden drill program at Bousquet South, demonstrating significant gold mineralization.
  • The company acquired the Raven Silver Project and Sawtooth Antimony Project in the USA, both with high potential for silver, antimony, and copper.
  • Olympio Metals conducted an oversubscribed placement raising A$3.0 million before costs.
  • The company's cash position at the end of the quarter was $1.92 million, with an additional $1.3 million approved in a meeting on 17 April 2026.
  • The Appendix 5B cash flow report outlines cash flows from operating, investing, and financing activities.
  • Significant expenses include exploration, evaluation, staff costs, and corporate costs.
  • The report is prepared in accordance with ASX Listing Rules and provides a comprehensive view of the company's financial status.
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.