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Paterson Resources Ltd (ASX:PSL)

ALERT: Price-sensitive ASX Announcement for PSL
Current share price for PSL : $0.035 -0.002 (-5.41%)+
Announcement
Release
31 Jul 2026 11:37AM
Price at Release
$0.037
Full Release
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Summary
During the quarter ending 30 June 2026, Paterson Resources Limited significantly updated its Inferred Mineral Resource Estimate for the Grace Gold Project, increasing it to 3.46Mt at 1.79 g/t Au for 200,000oz of contained gold. The updated estimate highlights potential for open cut mining operations with a strong depth potential. Paterson Resources also experienced a commercial dispute with a former drilling contractor, but does not expect this to affect its operations materially. The cash flow report for the quarter reflects net cash outflows from operating activities, with a focus on exploration and evaluation expenditures. The company has over four quarters of funding available based on current cash flows and expenditures.
Key Points
  • Updated Inferred Mineral Resource Estimate for Grace Gold Project to 200,000oz Au.
  • Significant potential for open cut mining operations at Grace Gold Project.
  • Commercial dispute with former drilling contractor, no material impact expected.
  • Net cash outflows from operating activities noted.
  • Over four quarters of funding available based on current cash flows.
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.