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Tasman Resources Limited (ASX:TAS)

ALERT: Price-sensitive ASX Announcement for TAS
Current share price for TAS : $0.034 -0.012 (-26.09%)+
Announcement
Release
24 Jul 2026 9:00AM
Price at Release
$0.046
Full Release
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Summary
Tasman Resources Limited's quarterly report for the period ending 30 June 2026 outlines significant financial activities including a $4 million share placement and a $600,000 inflow from selling Eden Innovations options. Despite negative cash flows from operations amounting to -$247,000, the company had a net positive cash flow from investing activities due to the sale of investments. Financing activities provided a substantial cash boost via equity securities issuance. The company plans to commence drilling at Parkinson Dam later in 2026, funded by the recent financial activities. Tasman remains well-funded with over $5 million in cash and a significant equity position in Eden Innovations Ltd.
Key Points
  • Tasman Resources Limited reported on activities for the quarter ended 30 June 2026.
  • A $4 million placement was announced to fund an expanded drilling program at Parkinson Dam.
  • Cash inflow from the sale of Eden Innovations options amounted to $600,000.
  • Net cash from operating activities was negative, amounting to -$247k for the quarter.
  • Investing activities included a net cash inflow of $579k, spurred by the sale of listed investments.
  • Financing activities resulted in a net cash inflow of $4,028k, bolstered by equity securities issuance.
  • The cash balance at the end of the quarter was $5,654k.
  • Drilling of up to 20 new holes at Parkinson Dam is planned for September 2026.
  • Tasman holds a significant shareholding in Eden Innovations Ltd.
  • No mining production or development activities occurred during the quarter.
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.