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Titanium Sands Limited (ASX:TSL)

ALERT: Price-sensitive ASX Announcement for TSL
Current share price for TSL : $0.007 -0.002 (-22.22%)+
Announcement
Release
29 Apr 2026 8:19AM
Price at Release
$0.009
Full Release
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Summary
Titanium Sands Limited has released its quarterly activities report and Appendix 5B for the quarter ending 31 March 2026. The company has submitted an Industrial Mining License (IML) for its Mannar Project in Sri Lanka, which is pending due to the finalization of the new national mineral policy. The Environmental Impact Assessment (EIA) for the project is near completion. Financially, the company reported a net cash outflow from operating activities of $274,000 and received a funding extension of $400,000 from CPS Capital Group. The total cash and cash equivalents at the end of the quarter were $346,000, providing an estimated 1.08 quarters of funding at the current expenditure rate.
Key Points
  • IML application for Mannar Project submitted, awaiting policy finalization
  • EIA for Mannar Project expected to complete shortly
  • Net cash used in operating activities: $274,000
  • Funding extension of $400,000 secured from CPS Capital Group
  • Cash and cash equivalents at end of quarter: $346,000
  • Estimated funding available for 1.08 quarters
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.