InvestSMART

Unity Metals Limited (ASX:UM1)

ALERT: Price-sensitive ASX Announcement for UM1
Current share price for UM1 : $0.220 0.06 (37.50%)+
Announcement
Release
30 Apr 2026 4:29PM
Price at Release
$0.160
Full Release
download
Summary
Unity Metals Limited, an ASX-listed company focused on gold and copper exploration in South-East Asia, particularly in Cambodia and Thailand, reported significant progress in the first quarter of 2026. The company commenced an 8,000-meter diamond drilling program at its flagship Ngot Gold Project in Cambodia, revealing high-grade gold at the Ngot Central Prospect. Cash reserves at the quarter's end stood at $4.483 million. While no exploration activities were conducted at the O'Phlay Gold Project, preparations for future surveys were made. License applications for the Ta Vaeng Copper Gold Project are still pending, and the Loei Copper Gold Project in Thailand continues to progress.
Key Points
  • Unity Metals Limited listed on the ASX on 12 January 2026.
  • Initial drilling program commenced at Ngot Gold Project in Cambodia.
  • High-grade gold intersections were discovered at Ngot Central Prospect.
  • Total of 50-hole, 8,000-meter diamond drilling program underway at Ngot.
  • Cash balance at the end of the quarter was $4.483 million.
  • No exploration was conducted at the O'Phlay Gold Project during the quarter.
  • The Ta Vaeng Copper Gold Project license application is pending approval.
  • The Loei Copper Gold Project in Thailand consists of 14 special prospecting licenses.
  • Payments to related parties totaled $26,000 for the quarter.
  • Exploration and evaluation costs during the quarter were $2.212 million.
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.