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Santa Fe Minerals Ltd (ASX:SFM)

ALERT: Price-sensitive ASX Announcement for SFM
Current share price for SFM : $0.250 -0.03 (-10.71%)+
Announcement
Release
30 Apr 2026 6:59PM
Price at Release
$0.280
Full Release
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Summary
Santa Fe Minerals Limited released its quarterly activities and cash flow report for the period ending 31 March 2026. During this quarter, the company reported a net cash outflow from operating activities of $337,000, largely due to payments for exploration and administration costs. Cash outflows for investing activities totaled $331,000, primarily associated with exploration and evaluation expenses. Financing activities generated a net inflow of $5.6 million, driven by a successful equity placement raising $6 million. As a result, the company ended the quarter with a cash balance of $6.382 million. Santa Fe continues its exploration activities, including significant drilling programs in Côte d’Ivoire and Western Australia, with promising results reported from various gold projects. The company also completed the acquisition of several prospective gold projects from WIA Gold Limited.
Key Points
  • Santa Fe Minerals reported a net cash outflow of $337,000 from operating activities.
  • Investing activities resulted in a cash outflow of $331,000.
  • Financing activities led to a net cash inflow of $5.6 million.
  • The company raised $6 million through an equity placement.
  • Cash balance at the end of the quarter was $6.382 million.
  • Significant drilling programs continue in Côte d’Ivoire and Western Australia.
  • Completion of acquisition from WIA Gold Limited.
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.