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Rey Resources Limited (ASX:REY)

ALERT: Price-sensitive ASX Announcement for REY
Current share price for REY : $0.027 -0.001 (-3.57%)+
Announcement
Release
29 Jul 2025 12:07PM
Price at Release
$0.028
Full Release
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Summary
During the December 2023 quarter, Rey Resources Limited continued to focus on advancing its oil and gas exploration activities within the Canning Basin, Western Australia, with a particular emphasis on the Derby Block EP487 project. The company reported the completion of seismic reprocessing work, ongoing geological studies, and efforts to secure land access for exploration activities. Rey Resources also highlighted its prudent cash management, reporting a closing cash balance of $1.6 million at the end of the quarter, and no significant production or development expenditures. The company remains committed to progressing its exploration assets while maintaining financial discipline.
Key Points
  • Rey Resources Limited focused on oil and gas exploration in the Canning Basin, Western Australia.
  • Seismic reprocessing for the Derby Block EP487 was completed during the quarter.
  • Geological studies and preparations for future drilling are ongoing.
  • The company is working to secure land access agreements essential for exploration.
  • No significant production or development expenditures occurred in the quarter.
  • Rey Resources reported a closing cash balance of $1.6 million as at 31 December 2023.
  • There was an emphasis on maintaining prudent cash management.
  • No material changes in business activities or tenement interests were reported.
  • The company continues to review and advance its exploration assets.
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.