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Turnstone Resources Ltd (ASX:TSR)

ALERT: Price-sensitive ASX Announcement for TSR
Current share price for TSR : $0.022 -0.015 (-40.54%)+
Announcement
Release
30 Apr 2026 11:02AM
Price at Release
$0.037
Full Release
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Summary
Turnstone Resources Ltd's Quarterly Activities Report for March 2026 detailed their exploration efforts in Sweden and Germany, focusing on the Glava-Klinten and Torsby West projects. The company conducted successful geochemical surveys in Sweden, identifying new mineralized zones. They anticipate receiving German R&D tax rebates by June 2026, which would strengthen their cash flow. During the March quarter, Turnstone successfully raised capital through new share issuance. By the end of March 2026, the company had cash and cash equivalents of A$772,000, with expenditures including A$116,000 for directors' fees and no mining production or development activities reported during the period.
Key Points
  • Turnstone Resources Ltd has exploration projects in Sweden and Germany.
  • The March 2026 Quarterly Activities Report includes a focus on the Glava-Klinten and Torsby West projects in Sweden.
  • The company conducted significant geochemical sampling and identified new mineralized zones in Sweden.
  • Receipts from the German R&D tax rebates are expected in June 2026.
  • Turnstone completed a successful capital raising in March 2026 with new shares issued.
  • The company reported cash and cash equivalents at the end of the quarter amounted to A$772,000.
  • No mining production or development occurred during the quarter.
  • Payments to related parties totaled A$116,000 for directors' fees.
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.