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Rincon Resources Limited (ASX:RCR)

ALERT: Price-sensitive ASX Announcement for RCR
Current share price for RCR : $0.015 -0.002 (-11.76%)+
Announcement
Release
28 Jan 2026 8:45AM
Price at Release
$0.017
Full Release
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Summary
Rincon Resources Limited released their December 2025 Quarterly Activities and Appendix 5B Cash Flow Report, highlighting a new farm-in and joint venture agreement with Greatland Resources for a portion of Rincon’s tenements south of the Telfer gold-copper mine. The agreement allows Greatland to earn up to 75% by meeting specific investment milestones. Rincon also reported progress on the Hasties Gold/Copper deposits and recent successful drilling results. Cash flow activities for the quarter included cash used in operating and investing activities, with a net decrease in cash equivalents. Rincon's strategy remains focused on expanding its mineral resource estimates and managing exploration expenditures to extend its cash resources.
Key Points
  • Rincon entered a farm-in and joint venture agreement with Greatland Resources.
  • Greatland can earn up to 75% interest in Rincon’s tenements with a $2 million investment.
  • Successful drilling results in Hasties Gold/Copper deposits.
  • Net cash used in operating activities was $173,000 for the quarter.
  • Cash and cash equivalents decreased to $1,239,000.
  • Rincon aims to expand its Mineral Resource Estimate for Hasties deposits.
  • Exploration expenditures were significant during the quarter.
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.