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PTR Minerals Ltd (ASX:PTR)

ALERT: Price-sensitive ASX Announcement for PTR
Current share price for PTR : $0.092 0.011 (13.58%)+
Announcement
Release
30 Jul 2026 9:58AM
Price at Release
$0.081
Full Release
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Summary
PTR Minerals Ltd reported its quarterly activities and cash flow for the period ending 30 June 2026. The company announced its Maiden Mineral Resource Estimate (MRE) for the Rosewood Titanium Project, located in the Gawler Craton of South Australia. The Rosewood Deposit contains a significant resource of 463 million tonnes grading at 8.8% heavy minerals, confirming its status as a globally significant heavy mineral sand deposit. During the quarter, PTR's operations resulted in a net cash outflow of $484,000 from operating activities and $12,078,000 from investing activities. The company holds $2.61 million in cash and $11.01 million in term deposits, ensuring sufficient funding for future operations. Additionally, PTR has not taken steps to raise further cash, relying on its existing financial resources for continued operations and to meet its business objectives.
Key Points
  • Maiden Mineral Resource Estimate announced for the Rosewood Titanium Project.
  • Rosewood Deposit contains 463Mt at 8.8% heavy minerals.
  • Net cash outflow was $484,000 from operating activities.
  • Investing activities resulted in $12,078,000 net cash outflow.
  • Cash and equivalents total $2.61 million; term deposits of $11.01 million.
  • PTR does not plan to raise additional cash.
  • Financial resources ensure continued operations.
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.