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Tasman Resources Limited (ASX:TAS)

ALERT: Price-sensitive ASX Announcement for TAS
Current share price for TAS : $0.048 -0.003 (-5.88%)+
Announcement
Release
23 Apr 2026 1:48PM
Price at Release
$0.051
Full Release
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Summary
Tasman Resources Ltd's quarterly activities report for the period ended 31 March 2026 highlights the company's strong cash position with $15.5 million in cash and equivalents, largely supported by its significant shareholding in Eden Innovations Ltd. The company is progressing its exploration activities, notably planning a drill hole at Titan West in collaboration with Fortescue, and engaging in high-grade mineralisation drill activities at Parkinson Dam. The financials indicate a net cash usage in operating activities of $109,000 for the quarter, with no significant investing activities. Corporate efforts focus on expanding exploration prospects and maintaining robust fiscal management.
Key Points
  • Tasman Resources Ltd holds $15.5 million in cash and cash equivalents.
  • Planning for a maiden drill hole at Titan West in partnership with Fortescue.
  • Historic drilling at Parkinson Dam confirmed high-grade gold-silver mineralisation.
  • Tasman Resources holds a 13.3% share in Eden Innovations Ltd valued at $14.2 million.
  • Net cash used in operating activities for the quarter was $109,000.
  • Net cash used in investing activities for the quarter was nil with previous year-to-date spending at $356,000.
  • Net cash from financing activities for the quarter resulted in a deficit of $58,000.
  • The cash balance at the end of the quarter was $1.294 million.
  • Payments to related parties totaled $23,000 for director fees.
  • Tasman Resources is actively reviewing new exploration acquisition opportunities.
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.