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Xenora Minerals Ltd (ASX:XRA)

ALERT: Price-sensitive ASX Announcement for XRA
Current share price for XRA : $0.210 -0.03 (-12.50%)+
Announcement
Release
29 Oct 2026 8:05AM
Price at Release
$0.240
Full Release
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Summary
Xenora Minerals Ltd (ASX: XRA) reported in its September 2026 Quarterly Activities Report and Appendix 5B that it continued advancing its portfolio with a focus on the Dudley Lithium Project on Kangaroo Island, South Australia, where first-pass RC drilling of up to 600 metres was progressed toward final planning to test lithium-bearing LCT pegmatite below deep weathering, following prior surface sampling that identified lithium up to 0.3% Li2O with anomalous rubidium, caesium, tantalum, beryllium and tin across a 400m by 100m area; the company also planned further field work and drilling permit preparation for the Halo Yuri lithium project in Canada, intends to resume negotiations on Petermann Range exploration licence applications in the Northern Territory after a moratorium expires in December 2026, and renewed EL27892 at the Mt Hardy Copper Project while rehabilitation continued there. At 30 September 2026, Xenora held cash of A$1.944 million, recorded net operating cash outflow of A$227,000 for the quarter, spent A$57,000 on exploration and evaluation mainly for Dudley land access, tenement renewals and project reviews, had no investing or financing cash flows, paid A$45,000 to directors in gross wages, fees and superannuation, and reported estimated funding of 8.56 quarters.
Key Points
  • ASX announcement date was 29 October 2026 for the September 2026 Quarterly Activities Report.
  • Xenora Minerals Ltd is an Australian-based resources company listed on the ASX under ticker XRA.
  • The Dudley Lithium Project on Kangaroo Island, South Australia, was advanced to final planning for first-pass RC drilling.
  • Dudley is described as the largest known pegmatite in a swarm on the Dudley Peninsula and a lithium-bearing LCT pegmatite.
  • Surface sampling at Dudley identified lithium up to 0.3% Li2O and anomalous rubidium, caesium, tantalum, beryllium and tin.
  • Xenora planned up to 600 metres of RC drilling at Dudley to test for economic lithium minerals such as spodumene or petalite below the weathering profile.
  • Xenora entered an option agreement on 14 October 2024 to earn up to 90% of the Dudley Project through a two-stage farm-in from South Australia Lithium Pty Ltd.
  • At Halo Yuri in the Northwest Territories, Canada, prior fieldwork identified extensive spodumene mineralisation in pegmatite outcrop and boulder fields.
  • The company plans more field work at Halo Yuri next season and intends to begin securing drilling permits for first-pass drilling in 2027.
  • Xenora intends to restart negotiations in December 2026 on Petermann Range exploration licence applications after the Central Land Council moratorium expires on 9 December 2026.
  • At the Mt Hardy Copper Project in the Northern Territory, the company lodged a renewal application for EL27892 and continued rehabilitation work.
  • Xenora reported quarter-end cash reserves of A$1.944 million.
  • Quarterly exploration expenditure was approximately A$57,000, mainly for Dudley land access payments, tenement renewals and project evaluation.
  • Net cash used in operating activities during the quarter was A$227,000.
  • There were no substantive mining development costs, no investing cash flows and no financing cash flows during the quarter.
  • Payments to directors and related parties totalled A$45,000 for gross wages, fees and superannuation.
  • The Appendix 5B reported estimated available funding of 8.56 quarters based on quarter-end cash and current operating outflows.
  • Australian tenement holdings included granted and application status assets across the Northern Territory, South Australia and Queensland, while Canadian holdings included multiple granted titles in the Northwest Territories.
  • Key tenement change during the quarter noted Keynes Hill EL6970 in South Australia as surrendered.
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.