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Valiant Gold Limited (ASX:VAL)

ALERT: Price-sensitive ASX Announcement for VAL
Current share price for VAL : $0.215 0.025 (13.16%)+
Announcement
Release
27 Jul 2026 9:47AM
Price at Release
$0.190
Full Release
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Summary
Valiant Gold Limited's June 2026 Quarterly Activities Report highlights significant progress in their Comet and Reedy projects in Western Australia. The Comet project is focused on mine restart with a mining services agreement in place and preparations for operational restoration underway. The Reedy project has yielded encouraging results from ongoing diamond drilling, confirming extensions to mineralisation. Valiant Gold maintains a robust cash position with A$67.7M, enabling further advancements across its portfolio. The company has secured key personnel to enhance its strategic objectives, with plans to initiate high-priority resource drilling and continue site establishment in the upcoming quarter.
Key Points
  • Valiant Gold Limited reported significant developments in their Comet and Reedy projects.
  • The Comet project is advancing with a mining services agreement and ongoing dewatering and rehabilitation efforts.
  • Initial Life of Mine design studies are in progress for the Comet underground project.
  • The Reedy project has shown promising results from diamond drilling, confirming mineralisation extensions.
  • Valiant Gold holds strong cash reserves of approximately A$67.7M.
  • Strategic hires have been made to bolster the company's growth and development objectives.
  • Future plans include mobilizing a second drill rig and continuing site establishment activities.
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.