Xenora Minerals Ltd (ASX:XRA)

ALERT: Price-sensitive ASX Announcement for XRA

Current share price for XRA : $0.215 0.035 (19.44%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Oct 2025 8:13AM

Price at Release

$0.180

Full Release

Summary

Xenora Minerals Ltd, formerly Trinex Minerals Limited, reported its quarterly activities for the period ending 30 September 2025. The company successfully completed a capital raise, enhancing its cash reserves to approximately A$2.6 million. During the quarter, the company invested in environmental rehabilitation and geochemistry activities but did not incur substantial costs in mining and development. Payments to directors totaled $113,000. The company focuses on exploring critical minerals for the clean energy transition, notably through the Dudley Lithium Project in South Australia and a significant exploration footprint in Canada's Northwest Territories. The financial statement revealed a net cash usage of $292,000 in operations and $100,000 in investments, with a financing inflow of $2,000, providing an estimated funding availability for 2.63 quarters.

Key Points

Xenora Minerals Ltd changed its name from Trinex Minerals Limited following shareholder approval.
The company completed a capital raise, increasing their cash balance to approximately A$2.6 million.
During the quarter, Xenora focused on environmental rehabilitation at Mount Hardy and geochemistry activities at Project Dudley.
No substantive mining and development costs were incurred during the quarter.
Payments to directors amounted to $113,000 for gross wages, fees, and superannuation.
Xenora is exploring for critical minerals essential for clean energy transition, particularly focusing on the Dudley Lithium Project in South Australia and lithium exploration in the Northwest Territories, Canada.
A cash flow summary indicated net cash used in operating activities was $292,000 and in investing activities $100,000, with a net cash inflow from financing activities of $2,000.
The company estimated having 2.63 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.