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Zuleika Gold Limited (ASX:ZAG)

ALERT: Price-sensitive ASX Announcement for ZAG
Current share price for ZAG : $0.039 0.003 (6.94%)+
Announcement
Release
31 Jul 2026 1:57PM
Price at Release
$0.036
Full Release
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Summary
Zuleika Gold Limited, through its June 2026 quarterly activities report, announced an off-market takeover by CZR, valuing Zuleika at approximately $44.8 million. This merger aims to combine their assets and balance sheets to enhance capabilities across exploration, development, and mining operations. Significant activities during the quarter included a passive seismic survey at Carnage South, approved Programmes of Work over parts of their projects, and progressing mining lease applications. The company reported being debt-free with cash and liquid assets amounting to approximately $37.0 million.
Key Points
  • CZR to acquire Zuleika via an unanimously recommended off market takeover.
  • The merger with CZR will enhance exploration, development, and mining operations.
  • The offer values Zuleika at approximately $44.8 million.
  • Passive seismic survey undertaken at Carnage South to determine cover depth.
  • Programmes of Work approved over White Flag and Credo with ongoing drill planning.
  • Mining Lease applications for Credo and Paradigm East are progressing.
  • The company is debt free with approximately $37.0M in cash and liquid assets at the end of the quarter.
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.