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Peel Mining Limited (ASX:PEX)

ALERT: Price-sensitive ASX Announcement for PEX
Current share price for PEX : $0.160 0.01 (6.67%)+
Announcement
Release
28 Jan 2026 9:05AM
Price at Release
$0.150
Full Release
download
Summary
Peel Mining Limited reported a successful quarter ending December 2025 with significant financial and operational achievements. The company completed a $21.25 million capital raise and Share Purchase Plan, enhancing their cash position to $17.6 million. Key exploration activities included drilling at the Nombinnie Prospect and commencement of a major drilling program at the Southern Nights Complex. The company received support from the NSW Government with grants for exploration projects. The corporate strategy focuses on resource growth and regional processing opportunities in the Cobar Basin, a key base metals region in Australia.
Key Points
  • Peel Mining completed a $21.25 million placement and Share Purchase Plan.
  • The company's cash balance at the end of December 2025 was $17.6 million.
  • Exploration efforts are focused on the Nombinnie Prospect and Southern Nights Complex.
  • Peel received grants from the NSW Government for exploration projects.
  • Peel is evaluating regional processing options and strategic M&A opportunities.
  • The Cobar Basin is highlighted as a premier base metals region in Australia.
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.