Western Ridge Resources Limited (ASX:WRX)

ALERT: Price-sensitive ASX Announcement for WRX

Current share price for WRX : $0.018 -0.017 (-48.57%)⁺

Announcement

Quarterly Activities and Cashflow Report

Release

30 Apr 2026 4:24PM

Price at Release

$0.035

Full Release

Summary

In the March 2026 quarterly report, Western Ridge Resources Limited, formerly Summit Minerals Limited, detailed significant progress at its Keystone Project in Nevada. The company completed a drone aeromagnetic survey, identifying multiple shallow drill-ready targets and received approval for a 19-hole drilling program at the Keystone Mine, which is scheduled to commence in the June 2026 quarter. The company rebranded to Western Ridge Resources and completed a dual listing on the OTCQB market to enhance its access to U.S. investors. Financially, operating activities resulted in a net cash outflow of $221,000, and exploration investments amounted to $874,000, with available funding estimated to last 0.90 quarters. No activities occurred at their Brazilian projects.

Key Points

Completed low-altitude drone aeromagnetic survey at Keystone Project.
Correlated geophysical anomalies with historic workings, validating targets.
Approved 19-hole RC drilling program, targeting extensions at Keystone Mine.
Corporate rebrand to Western Ridge Resources Limited approved.
Completed OTCQB listing, improving access to U.S. investors.
Cash flows from operating activities resulted in a net outflow of $221,000.
Cash used in investing activities for exploration totaled $874,000.
Total cash available for future operating activities is estimated at 0.90 quarters.
No exploration activities were conducted in Brazil during the quarter.
Payments to related parties during the quarter totaled $97,000.

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.