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Plc Resources Limited (ASX:PLC)

ALERT: Price-sensitive ASX Announcement for PLC
Current share price for PLC : $0.007 -0.001 (-12.50%)+
Announcement
Release
31 Jul 2026 8:11AM
Price at Release
$0.008
Full Release
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Summary
PLC Resources Limited reported its quarterly activities and cash flow for the quarter ended 30 June 2026. The company completed its maiden RC drilling program at the Rochefort Gold Prospect, identifying potential gold systems and planning further exploration. The company raised $1.8 million through a share placement and changed its name to reflect its focus on gold and copper prospects in Western Australia. The company recorded a net cash outflow from operating activities of $109,000 and spent $707,000 on investing activities, primarily on exploration and evaluation. Cash and cash equivalents at the end of the period were $2.47 million.
Key Points
  • Maiden RC drilling program completed at Rochefort Gold Prospect.
  • Potential gold systems identified at Abbotts North and Yalgoo projects.
  • Raised $1.8 million through a share placement.
  • Net cash outflow from operating activities of $109,000.
  • Cash and cash equivalents at the end of the period were $2.47 million.
  • Company name changed from Premier1 Lithium Limited to PLC Resources Limited.
  • Exploration expenditure for the quarter was $635,000.
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.