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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.084 0.017 (25.37%)+
Announcement
Release
31 Oct 2025 9:47AM
Price at Release
$0.067
Full Release
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Summary
OzAurum Resources Limited reported substantial progress for the quarter ended 30 September 2025, focusing on its Mulgabbie North Gold Project in Western Australia. Significant high-grade gold intercepts were achieved, particularly at the Cross Fault zone, leading to promising results for its scalable heap-leach operation. A Deed of Release with Line Hydrogen reacquired full control of the Feasibility Study, allowing strategic advancements toward gold production. The company has also enhanced its site design and permitting processes for heap-leach operations and is preparing for diamond drilling to support metallurgical tests. Financially, the quarter saw a net cash decrease due to operational expenditures, with end-of-period cash equaling $1.264 million, suggesting a funding availability of just over two quarters.
Key Points
  • High-grade gold intercepts at Mulgabbie North Gold Project.
  • Complete control regained over Feasibility Study post-Deed of Release with Line Hydrogen.
  • Heap-leach operation supported by strong metallurgical results.
  • Financial results report a net cash decrease with end quarter cash of $1.264 million.
  • Estimated funding availability is just over two quarters.
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.