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Solara Minerals Limited (ASX:SLA)

ALERT: Price-sensitive ASX Announcement for SLA
Current share price for SLA : $0.080 -0.105 (-56.76%)+
Announcement
Release
30 Jan 2026 9:23AM
Price at Release
$0.185
Full Release
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Summary
Solara Minerals Limited reported its quarterly activities and cash flow results for the period ending 31 December 2025. The company focused on its exploration projects in the Bryah Basin for gold and copper, completing Stage 1 of a drilling program at the Degrussa West project. Solara received a grant of $180,000 for its exploration initiatives. The company reported a net cash outflow from operating activities of $190,000 for the quarter and $541,000 year-to-date. Significant efforts were made in exploration, evaluation, and administration, with $63,000 in payments to related parties noted. The company continues to assess acquisition opportunities that align with its strategic objectives.
Key Points
  • Stage 1 of drilling program at Degrussa West completed with results pending.
  • Exploration Incentive Scheme grant of $180,000 awarded.
  • Net cash outflow from operating activities was $190,000 for the quarter.
  • Payments to related parties amounted to $63,000, mainly directors' fees.
  • Continued assessment of acquisition opportunities to enhance strategic objectives.
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.