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Unico Silver Limited (ASX:USL)

ALERT: Price-sensitive ASX Announcement for USL
Current share price for USL : $0.790 0.15 (23.44%)+
Announcement
Release
22 Jul 2026 9:34AM
Price at Release
$0.640
Full Release
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Summary
Unico Silver Limited's June 2026 quarterly report highlights successful high-grade drilling at the Joaquin project in Santa Cruz, Argentina, extending mineralization beyond the March 2026 Mineral Resource estimates. The company completed its exploration drill program, reporting significant silver-gold intercepts in the Breccia Puntudo, La Morocha SE, and La Negra SE areas. With these results, Unico has shifted focus to Pre-Feasibility Study (PFS) workstreams, including environmental and hydrological studies, expected to conclude in late Q3 2026. The company also secured a strategic land position, ensuring critical infrastructure placement for future development, and improved its US market profile by upgrading to the OTCQX Best Market. At the end of the quarter, Unico Silver held A$55 million in cash.
Key Points
  • High-grade drilling success at Joaquin project extends mineralization
  • Completion of exploration drill program with significant silver-gold intercepts
  • Focus shift to Pre-Feasibility Study workstreams
  • Secured strategic land position for future development
  • Upgraded US market profile to OTCQX Best Market
  • Cash balance of A$55 million at quarter end
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.