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Uvre Limited (ASX:UVA)

ALERT: Price-sensitive ASX Announcement for UVA
Current share price for UVA : $0.180 -0.04 (-18.18%)+
Announcement
Release
28 Oct 2025 9:29AM
Price at Release
$0.220
Full Release
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Summary
Uvre Limited has completed its acquisition of Minerals Exploration Limited and its New Zealand subsidiary Otagold Limited, securing a 100% interest in several exploration permits. The company has also gained a secondary listing on the NZX, complementing its primary ASX listing. A capital raise of $4 million was completed to fund exploration projects, including the Waitekauri Gold Project in New Zealand, where drilling commenced in October 2025. Uvre held cash reserves of approximately $5.4 million as of the end of September 2025 and reported a net cash outflow from operating activities of $201,000 for the quarter. The estimated quarters of funding available is 8.40 based on current cash outflows. A name change to Minerals Exploration Limited is proposed at the next AGM.
Key Points
  • Uvre Limited completed the acquisition of Minerals Exploration Limited and its subsidiary Otagold Limited.
  • Uvre Limited is listed on both the ASX and NZX, with recent approval for a secondary listing on the NZX.
  • A $4 million capital raising was completed in July 2025 to fund New Zealand gold exploration projects.
  • The initial drilling campaign at the Waitekauri Gold Project commenced in October 2025.
  • Uvre Limited's cash reserves were approximately $5.4 million as of 30 September 2025.
  • The company reported a net cash outflow from operating activities of $201,000 for the quarter.
  • Estimated quarters of funding available is 8.40 based on current cash outflows.
  • The company is planning a name change to Minerals Exploration Limited at the upcoming AGM.
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.