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Strike Resources Limited (ASX:SRK)

ALERT: Price-sensitive ASX Announcement for SRK
Current share price for SRK : $0.021 -0.002 (-8.70%)+
Announcement
Release
31 Jul 2026 7:08PM
Price at Release
$0.023
Full Release
download
Summary
Strike Resources Limited's quarterly report for 30 June 2026 provides an overview of the company's financial and operational activities. The report details cash flows, expenditures, and investments, highlighting a total cash outflow of $1,052,000 for the quarter, primarily due to exploration, personnel, and administration expenses. Strike also made payments of $305,000 to related parties for directors' remuneration. The company's cash balance at the end of the quarter was $1,317,000, reflecting a decrease from the previous quarter. Operationally, Strike is pursuing activities in Peru, preparing for potential small-scale mining operations and engaging in infrastructure projects like the Andahuaylas-Marcona Railway. The report also mentions Strike's significant shareholding in LE Minerals Limited, valued at $9.613 million. LE Minerals is involved in various projects, including graphite and lithium exploration.
Key Points
  • Total cash outflow for the quarter was $1,052,000.
  • Payments of $305,000 made to related parties for directors' remuneration.
  • End-of-quarter cash balance was $1,317,000.
  • Engagement in potential small-scale mining operations in Peru.
  • Involvement in the Andahuaylas-Marcona Railway Project.
  • Significant shareholding in LE Minerals Limited valued at $9.613 million.
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.