Taiton Resources Limited (ASX:T88)

ALERT: Price-sensitive ASX Announcement for T88

Current share price for T88 : $0.043 -0.112 (-72.26%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

30 Jan 2026 8:30AM

Price at Release

$0.155

Full Release

Summary

Taiton Resources Limited reported on their activities for the quarter ending 31 December 2025, highlighting the completion of drilling at the Challenger West project and preparations for drilling at the Highway project in South Australia. The company raised $2 million through the placement of new ordinary shares and converted a shareholder's loan to shares. Cash at the end of the quarter totaled $629,000, with $1,000,000 available in unused financing facilities. The report also detailed financials, including a net cash outflow from operating activities and a capital raising exercise, alongside updates on company projects and personnel changes.

Key Points

E-PEPR applications approved by the Department for Energy and Mining, South Australia.
Drilling completed at the Challenger West project.
Drilling at Highway project scheduled for 1st quarter of 2026.
Placement of new ordinary shares raised $2 million.
Conversion of shareholder's loan to shares.
Net cash from operating activities was a negative $338,000.
Total cash and cash equivalents at quarter end were $629,000.
Unused financing facilities of $1,000,000 available at quarter end.
Capital raising involved issuing 33,408,000 new shares at $0.06 each.
Appointment of Mr Shane Tomlinson as Executive Technical Director.

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.