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Pacific Resources Limited (ASX:PXR)

ALERT: Price-sensitive ASX Announcement for PXR
Current share price for PXR : $0.001 0 (0%)+
Announcement
Release
23 Apr 2026 1:39PM
Price at Release
$0.001
Full Release
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Summary
Pacific Resources Limited reported its quarterly activities and cash flow for the period ended 31 March 2026. The company, focusing on mineral resource exploration in Tasmania and Queensland, highlighted ongoing projects such as the Sulphide Creek and Mersey Projects. Financially, PXR experienced a net cash outflow in both operating and investing activities, ending the quarter with $970,000 in cash and equivalents. The quarter also saw corporate restructuring with new board appointments and continued exploration preparatory work.
Key Points
  • Pacific Resources Limited (PXR) provided an update on its activities for the quarter ended 31 March 2026.
  • The company is focused on exploration and development of mineral resources, including the Sulphide Creek Gold-Antimony Project and Mersey VMS Base Metals and Gold Project in Tasmania.
  • PXR holds an exclusive option to acquire gold, silver, base metals, and critical minerals assets, and has an investment interest in an ASX-listed copper exploration company.
  • For the quarter, PXR reported net cash used in operating activities of $139,000 and $70,000 in investing activities.
  • The net cash from financing activities was a decrease of $2,000.
  • Cash and cash equivalents at the end of the quarter were $970,000.
  • Corporate changes included board resignations and appointments, with Ian Neilson joining as an Independent Non-Executive Director.
  • PXR continued planning for fieldwork at the Mersey Project and completed a channel sampling program at Sulphide Creek's Coupon Prospect.
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.