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Riedel Resources Limited (ASX:RIE)

ALERT: Price-sensitive ASX Announcement for RIE
Current share price for RIE : $0.017 -0.014 (-45.16%)+
Announcement
Release
30 Apr 2026 9:29AM
Price at Release
$0.031
Full Release
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Summary
Riedel Resources Limited released its quarterly activities report for the period ending 31 March 2026, detailing its operational and financial activities. The company, focused on mineral exploration, particularly in Arizona and Western Australia, reported high-grade gold and silver results from its Kingman Project in Arizona and a strategic acquisition of interests in the Cosmo and Mt Venn Projects in Australia. Financially, Riedel raised $2.5 million through an equity placement, which will be used for exploration activities and general working capital. The Appendix 5B cash flow report showed negative cash flow from operating and investing activities, but a positive impact from financing activities, leading to a cash position of $1.804 million at the end of the quarter.
Key Points
  • High-grade drill results at Kingman Project, Arizona.
  • Acquisition of Cosmo and Mt Venn Projects.
  • $2.5 million raised through equity placement.
  • Cash position of $1.804 million at end of quarter.
  • Strategic focus on gold exploration in Australia and USA.
  • Key financial figures from Appendix 5B cash flow report.
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.