InvestSMART

Xpedra Resources Limited (ASX:XPD)

ALERT: Price-sensitive ASX Announcement for XPD
Current share price for XPD : $0.021 -0.002 (-8.70%)+
Announcement
Release
30 Jan 2026 8:14AM
Price at Release
$0.023
Full Release
download
Summary
Xpedra Resources Limited's December 2025 Quarterly Activities and Cash Flow Report highlights significant developments. The company completed the acquisition of the Springfield Gold Deposit, an advanced, drill-ready project in New South Wales, known for its high-grade gold mineralization. The report details plans for a maiden drilling program, scheduled for February 2026, to explore the mineralization further. The document also covers financial activities, including a successful $2.2 million placement to fund upcoming projects. The report notes that Xpedra is well-positioned financially, with cash and cash equivalents at the end of the quarter totaling $1.643 million. The company underwent a name change to align with its new strategic direction and appointed Scott Funston as a Non-Executive Director.
Key Points
  • Acquisition of Springfield Gold Deposit in New South Wales.
  • Maiden drilling program planned for February 2026.
  • Successful $2.2 million placement for project funding.
  • Cash and cash equivalents totaled $1.643 million.
  • Corporate name change to Xpedra Resources Limited.
  • Appointment of Scott Funston as a Non-Executive Director.
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.