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Avira Resources Ltd (ASX:AVW)

ALERT: Price-sensitive ASX Announcement for AVW
Current share price for AVW : $0.008 -0.006 (-42.86%)+
Announcement
Release
31 Oct 2025 9:45AM
Price at Release
$0.014
Full Release
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Summary
Avira Resources Ltd, an ASX-listed mining exploration company, released its quarterly activities report for the quarter ending 30 September 2025. The report highlights Avira's acquisition of the Mt Cattlin Gold Project, which is recognized for its significant gold endowment. The company has also raised $2.5 million through firm commitments. A technical review of the Tangadee Project identified three target areas, and field assessments were conducted. Avira is actively exploring gold, copper, and base metal opportunities in Western Australia and Sweden, with a focus on projects like Puolalaki, known for its nickel and gold mineralization. The company's financial activities report a decrease in cash and cash equivalents from $338,000 to $223,000 over the quarter, attributed to operating and investing activities.
Key Points
  • Agreement to acquire Mt Cattlin Gold Project with historical production of 23,006 tonnes at 24.56 g/t Au.
  • Firm commitments of $2,500,000 in capital raising.
  • Technical and field review completed for Tangadee Project, identifying key target areas.
  • No significant mining production activities undertaken during the quarter.
  • Decrease in cash from operating and investing activities, with cash equivalents at $223,000 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.