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Agrimin Limited (ASX:AMN)

ALERT: Price-sensitive ASX Announcement for AMN
Current share price for AMN : $0.057 -0.02 (-25.97%)+
Announcement
Release
30 Oct 2025 8:13AM
Price at Release
$0.077
Full Release
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Summary
Agrimin Limited's quarterly activities report for the period ending 30 September 2025 highlights ongoing strategic reviews and operational efforts within its Mackay Potash Project located in Western Australia. The project, renowned for being one of the world's largest undeveloped potash-bearing salt lakes, continued its strategic review during the quarter focusing on project approvals, native title obligations, and market conditions. The company has implemented cost-cutting measures, reducing corporate and project-related expenses to sustain its operations, ending the quarter with a cash balance of $2.3 million. Agrimin also holds interests in Niobium Holdings Pty Ltd and Tali Resources Ltd, contributing to its strategic resource exploration initiatives.
Key Points
  • Strategic review of the Mackay Potash Project continued.
  • Aeromagnetic and radiometric geophysical surveys commenced in the West Arunta region.
  • Stakeholder engagement and project updates were conducted.
  • Corporate and project cost reductions were implemented.
  • Cash balance stood at $2.3 million at the end of the quarter.
  • 40% interest in Niobium Holdings Pty Ltd and approximately 27% in Tali Resources Ltd.
  • No cash inflows from tenements, all exploration and evaluation expenses classified as operating cash flows.
  • Rent savings achieved through office relocation.
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.