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Cobre Ltd (ASX:CBE)

ALERT: Price-sensitive ASX Announcement for CBE
Current share price for CBE : $0.360 0.26 (260%)+
Announcement
Release
31 Oct 2025 8:17AM
Price at Release
$0.100
Full Release
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Summary
Cobre Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 30 September 2025 highlights a net cash outflow from operating activities of $391,000 and significant investment in exploration and evaluation with payments amounting to $2.4 million. The company secured $1.182 million through equity securities issuance, resulting in a net cash inflow from financing activities. Ending cash reserves stood at $2.768 million. Key developments include the maiden Mineral Resource Estimate at the Ngami Copper Project and a strategic agreement with Sinomine for the Okavango Copper Project. Cobre also relinquished non-essential licenses in Western Australia, while continuing exploration in Botswana with the support of BHP's earn-in agreement.
Key Points
  • Cobre Limited reported a net cash outflow from operating activities of $391,000 for the quarter.
  • Investing activities primarily involved $2.4 million in payments for exploration and evaluation.
  • The company received $1.182 million from the issuance of equity securities, resulting in net cash from financing activities of $951,000.
  • Cash and cash equivalents at the end of the quarter amounted to $2.768 million.
  • Cobre Limited’s Ngami Copper Project in Botswana reported a maiden Mineral Resource Estimate of 11.5 million tonnes at 0.52% Copper and 11.6g/t Silver.
  • The company entered into a funding agreement with Sinomine, involving investments up to A$3 million for shares and an option to acquire a 70% interest in the Okavango Copper Project for A$7 million.
  • Cobre relinquished three licenses in Western Australia that were considered non-essential to future operations.
  • The company is engaged in a solvent extraction-electrowinning program yielding high-quality copper cathode.
  • Cobre plans additional exploration and drilling activities in Botswana and has received financial support from BHP under an earn-in agreement.
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.