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Olympio Metals Limited (ASX:OLY)

ALERT: Price-sensitive ASX Announcement for OLY
Current share price for OLY : $0.046 0.006 (15%)+
Announcement
Release
28 Jul 2026 4:09PM
Price at Release
$0.040
Full Release
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Summary
Olympio Metals Limited reported significant progress for the quarter ending 30 June 2026. The company completed Phase 2 drilling at the Bousquet Project in Canada, with 36 significant gold intercepts identified, and commenced Phase 3 to explore high-grade lodes. Olympio achieved a 51% interest milestone in the Bousquet Project and signed an agreement to acquire 80% of the Jacknife Silver Project in Idaho, USA. Financially, the company had $2.6 million in cash by the end of the quarter, with net cash from financing activities amounting to $1.262 million. Payments to related parties totaled $99,032, reflecting director fees and exploration expenses.
Key Points
  • Completed Phase 2 drilling at Bousquet Project with 36 significant gold intercepts.
  • Commenced Phase 3 drilling to explore high-grade lodes.
  • Achieved 51% interest in Bousquet Project.
  • Agreement to acquire 80% of Jacknife Silver Project in Idaho.
  • Ended the quarter with $2.6 million in cash.
  • Net cash from financing activities was $1.262 million.
  • Paid $99,032 to related parties including director fees and exploration expenses.
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.