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Sierra Nevada Gold Inc. (ASX:SNX)

ALERT: Price-sensitive ASX Announcement for SNX
Current share price for SNX : $0.097 0.019 (24.36%)+
Announcement
Release
31 Jul 2026 4:11PM
Price at Release
$0.078
Full Release
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Summary
Sierra Nevada Gold Inc.'s quarterly activities report for June 2026 highlights significant progress at the As Safra Copper-Gold Project in Saudi Arabia. The completion of Phase 1 drilling with three rigs confirmed high-grade copper mineralization at multiple depths, with ongoing potential for further discoveries across a mineralized corridor. The company is preparing for a larger Phase 2 drilling program to expand mineralization footprints and test additional targets. Financially, the Appendix 5B Cash Flow Report shows a net cash decrease due to significant investments in exploration, with available funds sufficient for approximately one more quarter of operations.
Key Points
  • Phase 1 drilling completed at As Safra Project.
  • High-grade copper intersected at As Safra Central.
  • Preparation for larger Phase 2 drilling underway.
  • Net cash from operating activities: (347) US$’000.
  • Investments primarily in exploration & evaluation.
  • Cash and cash equivalents end of period: 1,892 US$’000.
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.