InvestSMART

Trek Metals Limited (ASX:TKM)

ALERT: Price-sensitive ASX Announcement for TKM
Current share price for TKM : $0.058 -0.057 (-49.57%)+
Announcement
Release
28 Jul 2026 8:49AM
Price at Release
$0.115
Full Release
download
Summary
During the quarter ending June 30, 2026, Trek Metals Limited focused on its exploratory drilling activities at the Kuro Prospect, confirming the presence of significant manganese mineralization. The company maintained a robust cash position of $14.32 million. It also completed the sale of the Pincunah project, receiving cash and shares as compensation. The company reported payments to related parties and received government grants to support their exploration initiatives. Additionally, a management transition occurred with Andrew Reece becoming the new Chairman.
Key Points
  • Trek Metals Limited completed a maiden RC drilling campaign at the Kuro Prospect, aiming to explore manganese mineralization.
  • Significant visual manganese mineralisation was logged in 63 out of 72 holes drilled, with initial assay results expected soon.
  • The company held cash reserves of $14.32 million at the end of the quarter.
  • Trek Metals sold the Pincunah project, receiving $100,000 in cash and shares in Pilbara Gold Limited.
  • Payments to related parties amounted to approximately $86,000 during the quarter.
  • The exploration manager was appointed, and the company received government grants for geophysical survey work.
  • A board succession took place with Tony Leibowitz stepping down and Andrew Reece taking over as Chairman.
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.