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Riedel Resources Limited (ASX:RIE)

ALERT: Price-sensitive ASX Announcement for RIE
Current share price for RIE : $0.021 0.002 (10.53%)+
Announcement
Release
31 Jul 2026 8:38AM
Price at Release
$0.019
Full Release
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Summary
Riedel Resources Limited reported its quarterly activities and cash flow for the quarter ended 30 June 2026. The company completed the acquisition of the Cosmo and Mt Venn Gold Projects, enhancing its exploration portfolio. Planned exploration activities at the Cosmo Project include upcoming drill programs. Financially, the company reported net cash used in operating activities at (258,000) AUD, and net cash used in investing activities at (307,000) AUD. However, it recorded a net cash inflow from financing activities of 1,114,000 AUD, leading to a closing cash balance of 2,353,000 AUD. The report also highlighted cash proceeds from equity securities amounting to 1,187,000 AUD.
Key Points
  • Riedel Resources Limited completed the acquisition of the Cosmo and Mt Venn Gold Projects.
  • Exploration activities are planned, including drill programs at the Cosmo Project.
  • Riedel Resources reported financial activities for the quarter ending 30 June 2026.
  • The company received cash proceeds from equity securities amounting to 1,187,000 AUD for the current quarter.
  • Net cash used in operating activities was reported at (258,000) AUD for the current quarter.
  • Net cash used in investing activities amounted to (307,000) AUD for the current quarter.
  • Net cash from financing activities was reported at 1,114,000 AUD for the current quarter.
  • Cash and cash equivalents at the end of the period were 2,353,000 AUD.
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.