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Unico Silver Limited (ASX:USL)

ALERT: Price-sensitive ASX Announcement for USL
Current share price for USL : $0.863 0.148 (20.63%)+
Announcement
Release
1 Oct 2025 8:57AM
Price at Release
$0.715
Full Release
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Summary
Unico Silver Limited announced significant progress in their drilling activities at the La Negra SE project. The announcement highlights the strengthening of drilling results, which are expected to enhance the Mineral Resource Estimate (MRE) in the coming phases. The company has commenced a Phase 2 drill program with a plan to drill approximately 20,000 meters, and initial reports indicate promising results from the first two holes drilled. The document includes balanced reporting of exploration results, showcasing both high and low grades, and emphasizes the continued exploration and technical studies to establish resource potential. The company is focused on achieving further exploration success to support its long-term growth strategy in the region.
Key Points
  • Significant progress in La Negra SE drilling activities.
  • Strengthening of drilling results to enhance MRE.
  • Phase 2 drill program targets 20,000 meters.
  • Initial promising results from two drilled holes.
  • Balanced reporting of exploration results.
  • Focus on continued exploration and technical studies.
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.