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Evergold Minerals Limited (ASX:EG1)

ALERT: Price-sensitive ASX Announcement for EG1
Current share price for EG1 : $0.025 -0.02 (-44.44%)+
Announcement
Release
30 Oct 2025 6:00PM
Price at Release
$0.045
Full Release
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Summary
Evergreen Lithium Limited (ASX: EG1) has reported on its quarterly activities and cash flow for the period ending 30 September 2025. The company continued its exploration efforts in Western Australia's Goldfields region, particularly focusing on the Leonora Goldfields Project, which hosts an inferred resource of 63,000 ounces of gold. Evergreen acquired two additional projects, Queens and Mt Monger, to bolster its portfolio. The company also progressed on regulatory approvals and preparations for a drilling campaign to extend known mineralisation. The total cash outflows from operating activities for the quarter amounted to $474,000, with cash and cash equivalents at quarter-end standing at $1,522,000. Director and consulting fees were a notable part of the expenses. Evergreen aims to identify a world-class lithium discovery while maintaining an ESG focus.
Key Points
  • Reported on quarterly activities ending 30 September 2025.
  • Continued exploration in Western Australia's Goldfields region.
  • Focusing on the Leonora Goldfields Project with 63,000 ounces of gold.
  • Acquired Queens and Mt Monger projects.
  • Preparing for a drilling campaign to extend mineralisation.
  • Cash outflows from operating activities were $474,000.
  • Cash and cash equivalents at quarter-end were $1,522,000.
  • Director and consulting fees were a significant expense.
  • Objective to identify a world-class lithium discovery with an ESG focus.
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.