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Reedy Lagoon Corporation Limited (ASX:RLC)

ALERT: Price-sensitive ASX Announcement for RLC
Current share price for RLC : $0.002 -0.003 (-60%)+
Announcement
Release
30 Jan 2026 5:20PM
Price at Release
$0.005
Full Release
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Summary
Reedy Lagoon Corporation Limited (RLC) reported its quarterly activities and cash flow for the period ending 31 December 2025. In their operations, RLC focused on the Burracoppin Gold and Iron projects in Western Australia, with preparations for drilling at various gold prospects and seeking farm-in partners. No fieldwork was conducted at the Burracoppin Iron project, but the company monitored drill contractor availability and continued efforts to secure joint venture partners. Financially, RLC had net cash outflows from operating activities amounting to $54,000 for the quarter, with cash equivalents at the end of the period at $76,000. They have plans to raise further capital through joint ventures or capital raisings to fund their operations. The company expects to maintain its current level of cash flow, supported by recent funding, and continues to explore additional financing opportunities.
Key Points
  • RLC focused on Burracoppin Gold and Iron projects.
  • Preparations for drilling at Lady Janet, Windmills, Shear Luck, and Zebra prospects.
  • Seeking farm-in partners for both gold and iron projects.
  • No fieldwork yet on the Burracoppin Iron project; monitored drill contractor availability.
  • Net cash outflows from operating activities at $54,000.
  • Cash equivalents at quarter end are $76,000.
  • Plans to continue operations with current cash flows and seek additional funding.
  • Efforts to secure joint venture partners are ongoing.
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.