InvestSMART

West Cobar Metals Limited (ASX:WC1)

ALERT: Price-sensitive ASX Announcement for WC1
Current share price for WC1 : $0.013 0 (0%)+
Announcement
Release
24 Jul 2026 8:52AM
Price at Release
$0.013
Full Release
download
Summary
West Cobar Metals Limited (WC1) focused on advancing its critical minerals and base metals projects during the June 2026 quarter. The Salazar Project, located in WA, emphasized high-value scandium exploration with ongoing metallurgical testing to enhance project economics. In NSW, the Cobar Basin targets included copper, gold, antimony, and silver exploration, positioning the company for multiple drilling and pre-development opportunities. Financially, the company's Appendix 5B Cash Flow Report highlighted operational cash flows with a strong cash position of $1.5 million as of June 30, 2026, and no outstanding debt.
Key Points
  • WC1 continued advancement in critical minerals and base metals projects.
  • Salazar Project focused on high value scandium with ongoing metallurgical tests.
  • Cobar Basin copper, gold, antimony, and silver targets tested.
  • Multiple near-term drilling and pre-development catalysts identified.
  • Appendix 5B Cash Flow Report shows operating cash flows and financing activities.
  • Consolidated cash at the end of June 2026 was approximately $1.5 million with no debt.
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.