InvestSMART

Talonx Resources Limited (ASX:TXR)

ALERT: Price-sensitive ASX Announcement for TXR
Current share price for TXR : $0.006 -0.005 (-45.45%)+
Announcement
Release
30 Apr 2026 8:11AM
Price at Release
$0.011
Full Release
download
Summary
Talonx Resources Limited reported its quarterly activities for the period ending 31 March 2026, highlighting significant advancements in its projects and corporate activities. The Viking Gold Project returned positive RC drilling results, confirming the continuity of high-grade gold mineralisation, with notable assay results at the Beaker 2 prospect. The company completed a successful capital-raising effort of $750,000 to fund ongoing and future drilling programs. The cash position at the end of the quarter was $0.93 million. Corporate developments included the resignation of Mr Harry Warries from the board and the appointment of Mr Scott Glasson. Planned activities for the next quarter include drilling at the Blair North project and continued evaluation of the Kihabe Project in Botswana. The financial report indicated cash outflows of $165,000 from operating activities and $142,000 spent on project and exploration activities.
Key Points
  • RC drilling results confirm high-grade gold mineralisation at Viking Gold Project.
  • Successful capital raising of $750,000 in March 2026.
  • End of quarter cash position: $0.93 million.
  • Board changes: resignation of Mr Harry Warries, appointment of Mr Scott Glasson.
  • Maiden RC drilling program planned for Blair North gold project.
  • Ongoing evaluations for the future of the Kihabe Project in Botswana.
  • Current net cash used in operating activities: $165,000 (current quarter).
  • Payments of $142,000 for exploration activities mainly at the Viking project.
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.