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Turnstone Resources Ltd (ASX:TSR)

ALERT: Price-sensitive ASX Announcement for TSR
Current share price for TSR : $0.024 0.002 (9.09%)+
Announcement
Release
30 Jul 2026 11:07AM
Price at Release
$0.022
Full Release
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Summary
Turnstone Resources Ltd (TSR) provided an update on their activities during the quarter ending 30 June 2026. The report highlighted their ongoing exploration and evaluation efforts in Sweden, particularly with their copper-gold portfolio in the Värmland district, including projects at Glava and Torsby West. The company spent A$178,000 on exploration and evaluation activities for projects including Glava, Klinten, and Torsby West. TSR's financing activities resulted in a net cash inflow of A$130,000 for the quarter, with cash and cash equivalents standing at A$455,000 at the end of the period. The company emphasized their focus on expanding their critical minerals portfolio, with significant advances in exploration and a disciplined approach to defining drill-ready targets. They successfully exercised an option to acquire the Glava 100 licence, strengthening their position in the Swedish mining sector.
Key Points
  • Turnstone Resources Ltd focused on copper-gold projects in Sweden.
  • A$178,000 spent on exploration and evaluation for Glava, Klinten, and Torsby West.
  • Net cash inflow from financing activities was A$130,000.
  • Cash and cash equivalents at end of period: A$455,000.
  • Glava 100 licence acquired to advance exploration strategy.
  • Exploration efforts include defining drill-ready targets and expanding the project pipeline.
  • Emphasis on low-cost, early value catalysts with high commodity prices.
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.