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Xenora Minerals Ltd (ASX:XRA)

ALERT: Price-sensitive ASX Announcement for XRA
Current share price for XRA : $0.230 -0.05 (-17.86%)+
Announcement
Release
20 Apr 2026 8:21AM
Price at Release
$0.280
Full Release
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Summary
Xenora Minerals Ltd. has released its quarterly activities and Appendix 5B cash flow report for the period ending 31 March 2026. The report indicates that the company is engaged in significant exploration activities, particularly at the Dudley Lithium Project on Kangaroo Island, South Australia. The cash flow report shows a closing cash balance of $2.303 million, with net cash used in operating activities totaling $261,000 for the quarter. The report highlights rock chip sampling, which returned highly anomalous lithium values, suggesting the presence of valuable mineral deposits. The company is also evaluating its financing options with no drawn or available loan facilities at the end of the quarter. Xenora is earning a 51% interest in the Dudley Project, with an option to increase to 90%.
Key Points
  • Xenora Minerals Ltd. released its quarterly activities and cash flow report ending 31 March 2026.
  • The company has a closing cash balance of $2.303 million with $261,000 used in operations.
  • Significant exploration activities at Dudley Lithium Project on Kangaroo Island.
  • Rock chip sampling yielded highly anomalous lithium values.
  • Xenora is earning 51% interest in the Dudley Project with potential to increase to 90%.
  • No drawn or available loan facilities at quarter end.
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.