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Yugo Metals Limited (ASX:YUG)

ALERT: Price-sensitive ASX Announcement for YUG
Current share price for YUG : $0.043 -0.046 (-51.69%)+
Announcement
Release
30 Apr 2026 9:00AM
Price at Release
$0.089
Full Release
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Summary
Yugo Metals Limited, an exploration company focused on battery, base, and precious metals, provided a quarterly report for March 2026. During this period, significant drilling results were obtained from the Sinjakovo Project in Bosnia and Herzegovina, particularly at the Kovacevac Prospect, where notable silver-lead-zinc mineralization was discovered. The company also commenced drilling at the Erak gold-silver-copper-antimony Prospect. Yugo received formal approval for the Petrovo tenement, enhancing its exploration potential. Financially, the company reported a net cash outflow of $767,000, ending the quarter with $2.4 million in cash. Related party transactions included $60,000 for directors' salaries and fees. The report is in compliance with ASX Listing Rules and provides a consolidation of Yugo's cash flows and financial status for the quarter.
Key Points
  • Sinjakovo Project achieved significant drilling results.
  • Kovacevac Prospect revealed silver-lead-zinc mineralization.
  • Drilling at Erak Prospect commenced for gold-silver-copper-antimony.
  • Approval received for Petrovo tenement in Bosnia and Herzegovina.
  • Quarterly net cash outflow was $767,000.
  • Cash balance of $2.4 million at end of quarter.
  • Related party transactions included $60,000 for director fees.
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.