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Xpedra Resources Limited (ASX:XPD)

ALERT: Price-sensitive ASX Announcement for XPD
Current share price for XPD : $0.018 -0.001 (-2.70%)+
Announcement
Release
30 Jul 2026 8:31AM
Price at Release
$0.019
Full Release
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Summary
Xpedra Resources Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 30 June 2026 highlights significant developments in their exploration projects, particularly at the Springfield Gold Deposit in NSW. The company reported successful outcomes from their maiden drilling program, revealing multiple high-grade gold zones over an extensive strike and further potential at depth. They also secured shareholder approval for the acquisition of the Neeld Gold Project, another promising site with historical high-grade production. Financially, Xpedra raised approximately $3.2 million to support these exploration activities. The report includes an Appendix 5B cash flow statement showing a substantial increase in cash from financing activities, resulting in a closing cash balance of approximately $3.1 million.
Key Points
  • Significant drill results at Springfield Gold Deposit, NSW.
  • Acquisition approval for Neeld Gold Project.
  • $3.2 million raised for exploration programs.
  • High-grade gold zones discovered.
  • Appendix 5B Cash Flow Report published.
  • Shareholder approval for key acquisitions.
  • Strong corporate financial position with $3.1 million cash balance.
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.