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Pacific Lime and Cement Limited (ASX:PLA)

ALERT: Price-sensitive ASX Announcement for PLA
Current share price for PLA : $0.370 0.08 (27.59%)+
Announcement
Release
30 Apr 2026 12:23PM
Price at Release
$0.290
Full Release
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Summary
Pacific Lime and Cement Limited's quarterly report for the period ending March 31, 2026, highlights significant developments in their projects and financials. The company reported a cash balance of A$46.050 million, with substantial investment in exploration and development activities, particularly the Central Lime Project. They secured a cornerstone quicklime offtake agreement with Newmont Corporation, which will support the project's commercial viability. The company is progressing towards a final investment decision for the Central Cement Project, with ongoing engagement with the International Finance Corporation. Additionally, the Orokolo Bay Industrial Sands Project is advancing towards execution readiness. Financially, the company raised A$3.181 million through equity securities and reported net cash used in operating and investing activities amounting to A$11.749 million.
Key Points
  • Pacific Lime and Cement Limited ended the quarter with A$46.050 million in cash.
  • Significant investment of A$11.504 million in exploration and development activities.
  • Secured a cornerstone quicklime offtake agreement with Newmont Corporation.
  • Progressing towards final investment decision for the Central Cement Project.
  • Orokolo Bay Industrial Sands Project advancing towards execution readiness.
  • Raised A$3.181 million through equity securities.
  • Net cash used in operating and investing activities was A$11.749 million.
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.