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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.085 -0.001 (-1.16%)+
Announcement
Release
28 Jul 2026 9:32AM
Price at Release
$0.086
Full Release
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Summary
OzAurum Resources Limited released the Quarterly Activities Report and Appendix 5B Cash Flow Report for the quarter ending 30 June 2026. The report highlights significant gold assay results from the Mulgabbie North Gold Project, with notable drill intercepts indicating promising gold mineralization at various depths. During the quarter, extensive RC grade control drilling was conducted across multiple batches, yielding high-grade gold findings. The company also reports on metallurgical testing at the Mulgabbie North site, which supports a potential low-capital-intensive development strategy. The Appendix 5B cash flow report details expenditures with notable costs in exploration, evaluation, and administration, resulting in a net cash outflow for operating activities.
Key Points
  • Significant gold results from Mulgabbie North Gold Project.
  • Notable drill intercepts indicating promising mineralization.
  • Conducted extensive RC grade control drilling.
  • High-grade gold findings across multiple batches.
  • Metallurgical testing supports low-capex strategy.
  • Detailed expenditures resulting in net cash outflow.
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.