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Raptor Metals Ltd (ASX:RAP)

ALERT: Price-sensitive ASX Announcement for RAP
Current share price for RAP : $0.025 -0.003 (-10.71%)+
Announcement
Release
31 Jul 2026 11:35AM
Price at Release
$0.028
Full Release
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Summary
During the June 2026 quarter, Raptor Metals Ltd made significant advancements in its Chester Copper Project, reporting promising assay results from its maiden diamond drilling program and expanding its regional exploration footprint through acquisitions of the Coyote and Foghorn projects. This quarter was transformational, confirming the geological model and identifying extensive copper and polymetallic mineralization, enhancing future exploration and resource growth potential. Financially, the company reported a net cash outflow from both operating and investing activities, with specific investments in tenements and equipment. The quarter also saw the completion of a geophysical survey to better understand mineralized trends at Chester, positioning Raptor for continued exploration success.
Key Points
  • Raptor Metals Ltd reported assay results from a diamond drilling program at the Chester Copper Project.
  • The drilling program confirmed extensive copper and polymetallic mineralization across the Chester deposit.
  • Raptor expanded its regional footprint by acquiring the Coyote and Foghorn projects.
  • The company's June 2026 quarter activities validated the geological model and improved understanding of the Chester system.
  • Appendix 5B reports a net cash outflow from operating activities of $592,000 during the quarter.
  • Investing activities resulted in a net cash outflow of $251,000, primarily due to payments for tenements and property.
  • Raptor Metals Ltd acquired projects that significantly expanded its exploration portfolio within the Bathurst Mining Camp.
  • The company completed a geophysical survey to enhance understanding of mineralized trends at Chester.
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.