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Skylark Minerals Limited (ASX:SKM)

ALERT: Price-sensitive ASX Announcement for SKM
Current share price for SKM : $0.280 0.01 (3.70%)+
Announcement
Release
28 Apr 2026 9:31AM
Price at Release
$0.270
Full Release
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Summary
Skylark Minerals Limited released its quarterly activities report for the period ending 31 March 2026, highlighting significant progress in its maiden drilling program at the Zaranou Gold Project in Côte d'Ivoire. The drilling, which began in February 2026, aims to expand the existing mineral resource through a comprehensive program combining reverse circulation and diamond drilling. Initial results have been promising, with mineralisation extending significantly deeper than previously estimated and remaining open in multiple directions. The Zaranou project currently holds an inferred resource of 364,600 ounces of gold. Additionally, Skylark is progressing with exploration at other projects in Côte d'Ivoire, including the Maphai and Vavoua projects, while also exploring new asset opportunities in West Africa. The company's financial position is bolstered by a recent capital raise, maintaining a strong cash balance to support ongoing exploration activities.
Key Points
  • Maiden drilling program commenced at Zaranou Gold Project in Côte d'Ivoire.
  • Initial drilling results confirm mineralisation extends significantly deeper and remains open in multiple directions.
  • Zaranou project holds an inferred resource of 364,600 ounces of gold.
  • Skylark is also advancing exploration at Maphai and Vavoua projects.
  • Company is actively seeking new asset opportunities in West Africa.
  • Recent capital raise maintains strong cash position for exploration activities.
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.