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Right Resources Limited (ASX:RRE)

ALERT: Price-sensitive ASX Announcement for RRE
Current share price for RRE : $0.090 0.001 (1.12%)+
Announcement
Release
30 Jul 2026 8:31AM
Price at Release
$0.089
Full Release
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Summary
Right Resources Limited's quarterly report for the period ended 30 June 2026 highlights the discovery of a Reduced Intrusion-Related Gold System (RIRGS) in NSW, with both gold and tungsten prospects showing promising results. The company's strategic focus includes advancing exploration at the Tumbarumba assets, refining geological models, and securing additional funding. Financially, the company holds a cash balance of A$3.24M, supported by a recent placement and an R&D Tax Incentive loan, as it continues to prioritize exploration activities expected to deliver substantial value.
Key Points
  • Right Resources Limited discovered a Reduced Intrusion-Related Gold System (RIRGS) in Tumbarumba, NSW.
  • The RIRGS model includes both gold-dominant and tungsten-dominant mineralization.
  • The Blue tungsten prospect showed high-grade rock-chip samples, with scout drilling planned.
  • Re-assay results from the Pilot gold project refined and upgraded previous gold findings.
  • The company has a cash balance of A$3.24M as of 30 June 2026, with additional funding commitments.
  • A placement with major shareholders is expected to raise A$2.7 million.
  • Right Resources secured a non-dilutive R&D Tax Incentive loan facility for FY2026.
  • The company continues to refine exploration targets and plans further drilling and metallurgical testwork.
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.