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Trinex Minerals Limited (ASX:TX3)

ALERT: Price-sensitive ASX Announcement for TX3
Current share price for TX3 : $0.180 0.035 (24.14%)+
Announcement
Release
29 Jul 2025 6:44PM
Price at Release
$0.145
Full Release
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Summary
Trinex Minerals Limited's Quarterly Activities/Appendix 5B Cash Flow Report for the quarter ended 30 June 2023 outlines the company's exploration and corporate activities. The company focused on the development of the TX3 lithium brine project in Nevada, USA, including the completion of the maiden drilling program at the site, which confirmed the presence of lithium-bearing brines. Geophysical surveys and further testing were undertaken for resource definition. The report also details corporate activities, including the appointment of a new CEO, changes to the board of directors, and updates on the company’s capital structure and financial performance. The accompanying Appendix 5B provides a summary of cash flows, showing expenditure on exploration, evaluation, and administration. The company ended the quarter with a solid cash balance to support further exploration and development activities.
Key Points
  • Completion of maiden drilling program at TX3 lithium brine project in Nevada confirming lithium-bearing brines.
  • Geophysical surveys and further resource testing conducted at TX3.
  • Focus on defining a maiden JORC resource for the TX3 project.
  • Corporate updates include appointment of new CEO and board changes.
  • Appendix 5B outlines cash flows with primary expenditure on exploration and administration.
  • Strong quarter-end cash balance to support ongoing activities.
  • No significant mining production or development during the quarter.
  • Company continues to assess new opportunities in the battery minerals sector.
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.