InvestSMART

Parkway Corporate Limited (ASX:PWN)

ALERT: Price-sensitive ASX Announcement for PWN
Current share price for PWN : $0.012 0.001 (9.09%)+
Announcement
Release
30 Jul 2025 8:17AM
Price at Release
$0.011
Full Release
download
Summary
The quarterly activities and cash flow report for Parkway Corporate Limited (PWN) details operational and financial developments during the quarter ended 31 March 2024. The company continued to advance its Kangan Project, focusing on a scoping study and exploration activities, including geological modelling and metallurgical testwork. Parkway also progressed business development efforts, particularly around the iBC® solution, with multiple feasibility studies and commercial discussions. Financially, Parkway reported $1.45 million in cash receipts, significant investment in research and development, and a closing cash balance of $1.02 million. The report emphasizes technical achievements, strategic partnerships, and ongoing R&D, while also highlighting risks and forward-looking plans.
Key Points
  • Advanced the Kangan Project with ongoing scoping study and exploration activities.
  • Progressed geological modelling and metallurgical testwork at the Kangan Project.
  • Continued business development and commercialisation of iBC® process technology.
  • Engaged in feasibility studies and commercial discussions with third parties.
  • Received $1.45 million in cash receipts during the quarter.
  • Invested in research and development projects and intellectual property.
  • Maintained a quarter-end cash balance of $1.02 million.
  • Reported on government grants, collaborations, and expenditure allocations.
  • Highlighted technical progress, strategic partnerships, and R&D achievements.
  • Outlined key risks, forward-looking statements, and plans for future quarters.
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.