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Zeus Resources Limited (ASX:ZEU)

ALERT: Price-sensitive ASX Announcement for ZEU
Current share price for ZEU : $0.005 -0.001 (-16.67%)+
Announcement
Release
31 Jul 2026 1:01PM
Price at Release
$0.006
Full Release
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Summary
Zeus Resources Limited reported its quarterly activities for the period ending 30 June 2026, highlighting that no on-ground exploration was conducted at the Casablanca Antimony Project, while the company focused on extending its Moroccan research permits. The company acquired the Diaguili Copper-Gold Project in Mauritania, with a staged payment plan totaling US$2.0 million. Financially, Zeus had A$1.277 million in cash at quarter-end, with net cash outflows in operations and investing activities but a net inflow from financing activities. Additionally, Zeus secured commitments for a A$2.0 million fund placement. The report provides a detailed cash flow statement as per ASX requirements.
Key Points
  • No on-ground exploration at Casablanca Antimony Project.
  • Acquisition of Diaguili Copper-Gold Project in Mauritania.
  • Cash at 30 June 2026 was A$1.277 million.
  • Staged payment of US$2.0 million for Diaguili acquisition.
  • Firm commitments for A$2.0 million placement to raise funds.
  • Cash flow report shows net cash from operations was negative at (A$202,000).
  • Investment activities had net cash outflow of (A$94,000).
  • Financing activities net cash inflow was A$68,000.
  • Cash and cash equivalents stood at A$1.277 million 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.