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Sinclair Gold Ltd (ASX:SGC)

ALERT: Price-sensitive ASX Announcement for SGC
Current share price for SGC : $1.365 0.215 (18.70%)+
Announcement
Release
30 Jul 2026 9:08AM
Price at Release
$1.150
Full Release
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Summary
The report for Sinclair Gold Ltd (ASX: SGC) for the quarter ending 30 June 2026 details a productive period, highlighted by a name change from Alicanto Minerals. Significant progress was made at the Mt Henry Gold Project with an extensive drilling program that expanded to four rigs and provided promising results. Financially, the company recorded a net cash deficit from operating activities primarily due to exploration expenses but offset this with a significant capital raise from equity securities, enhancing cash reserves and providing an estimated funding capacity of 7.82 quarters. Management changes included the appointment of Amber Stanton as Non-Executive Director following a retirement.
Key Points
  • Amber Stanton appointed Non-Executive Director.
  • Name change from Alicanto Minerals to Sinclair Gold (ASX: SGC).
  • Mt Henry Gold Project continued drilling program with extended mineralization.
  • Initial step-out drilling results showed promising gold yields at Selene and Mt Henry.
  • Cash flows from operating activities recorded a deficit due to exploration expenses.
  • Proceeds from equity securities issuance to support further drilling.
  • Net cash increase due to financing activities.
  • Estimated 7.82 quarters of funding available.
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.