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Sun Silver Limited (ASX:SS1)

ALERT: Price-sensitive ASX Announcement for SS1
Current share price for SS1 : $1.165 0.27 (30.17%)+
Announcement
Release
31 Jul 2026 8:24AM
Price at Release
$0.895
Full Release
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Summary
Sun Silver Limited has released its Quarterly Activities Report for the quarter ending 30 June 2026. The highlights include ongoing drilling and exploration efforts at the Maverick Silver Project in Nevada, USA, aimed at upgrading and expanding its mineral resources, as well as advancing metallurgical studies. Significant progress in land acquisition and expansion of mining claims has been reported, enhancing the company's strategic position. The company holds approximately $23.134 million in cash reserves, with significant investments in exploration and development activities fueled by capital raisings. A detailed cashflow statement in the Appendix 5B highlights net cash outflows from operations and investing activities. These developments aim to support the preparation of a Scoping Study to explore the economic potential of the Maverick Silver Project.
Key Points
  • Drilling ongoing at Maverick Silver Project for resource upgrade and growth.
  • Engagement of Ausenco for engineering studies and Scoping Study planning.
  • Sun Silver executed a binding agreement to acquire Bayan Springs North Project.
  • Financials indicate $23.134 million in cash reserves as of 30 June 2026.
  • Significant land acquisition expanding landholding over a strategic corridor.
  • Quarterly cashflow report highlights net cash used in operations and investments.
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.