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Taiton Resources Limited (ASX:T88)

ALERT: Price-sensitive ASX Announcement for T88
Current share price for T88 : $0.043 0.008 (22.86%)+
Announcement
Release
31 Jul 2026 9:38AM
Price at Release
$0.035
Full Release
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Summary
Taiton Resources Limited provided a summary of its quarterly activities and cash flow report for the period ending 30th June 2026. The company received commitments to raise $1.25 million for drilling programs and issued bonus options to shareholders. Significant activities included drilling at the Highway Copper-Gold Project and updates on the Challenger West and Kingsgate Projects. The company reported $568K in exploration and evaluation expenses and a net decrease of $177K in operating cash flow. Taiton ended the quarter with $628K in cash and raised $844K from equity securities.
Key Points
  • Placement commitment to raise $1.25 million
  • Bonus issue of options
  • Directors and management subscribe for shares
  • Drilling at Highway Copper-Gold Project
  • Exploration and evaluation costs of $568K
  • Net cash decrease in operating activities by $177K
  • Cash at bank totaled $628K
  • Proceeds from equity securities raised $844K
  • No mining tenements acquired or disposed
  • Challenger West and Kingsgate project updates
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.