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Unity Metals Limited (ASX:UM1)

ALERT: Price-sensitive ASX Announcement for UM1
Current share price for UM1 : $0.200 0.045 (29.03%)+
Announcement
Release
31 Jul 2026 12:34PM
Price at Release
$0.155
Full Release
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Summary
Unity Metals Limited, a company focused on gold and copper exploration in Southeast Asia, reported significant progress in its second quarter activities ending 30 June 2026. Key highlights include the discovery of high-grade gold in multiple prospects within the Ngot Gold Project in Cambodia, supported by extensive drilling and geophysical surveys. The company initiated a maiden 3,000-meter diamond drilling program at its O’Phlay Gold Project, also in Cambodia, which yielded promising initial results. Financially, the company ended the quarter with cash and cash equivalents of $1.612 million, despite substantial expenditures on exploration activities, as detailed in their Appendix 5B cash flow report.
Key Points
  • Gold discovered at all prospects drilled in the Ngot Gold Project in Cambodia.
  • High-grade gold vein intersections at Ngot Central Prospect.
  • A 3,000-meter diamond drilling program commenced at O’Phlay Gold Project.
  • Ongoing geophysical surveys to support further exploration.
  • Cash and cash equivalents at the end of the quarter were $1.612 million.
  • A total of 1,832,264 ASX restricted ordinary shares were released from escrow in May 2026.
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.