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Plc Resources Limited (ASX:PLC)

ALERT: Price-sensitive ASX Announcement for PLC
Current share price for PLC : $0.008 0.001 (14.29%)+
Announcement
Release
31 Oct 2025 12:40PM
Price at Release
$0.007
Full Release
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Summary
Premier1 Lithium Limited released its Quarterly Activities Report and Appendix 5B Cash Flow Report for the period ending 30 September 2025. The report highlights the company's progress in its gold and copper projects, including the maiden Mineral Resource estimate at the Wadgingarra site in the Yalgoo project, which amounts to 150kt at 2.7g/t Au for 13koz of gold. The report also details a non-binding agreement with Mineral Mining Services Pty Ltd for development activities. Financially, Premier1 reported negative cash flows due to its exploration activities and is undertaking a renounceable entitlement offer to raise $1.84 million. The company is focused on advancing exploration and development projects to enhance value creation.
Key Points
  • Premier1 announced a maiden Mineral Resource estimate at Wadgingarra.
  • Non-binding agreement with Mineral Mining Services for development.
  • Negative cash flows reported due to exploration activities.
  • Company is raising $1.84 million through a renounceable entitlement offer.
  • Focus on gold and copper exploration and development projects.
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.