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CGN Resources Limited (ASX:CGR)

ALERT: Price-sensitive ASX Announcement for CGR
Current share price for CGR : $0.055 -0.02 (-26.67%)+
Announcement
Release
16 Jul 2025 11:41AM
Price at Release
$0.075
Full Release
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Summary
CGN Resources Limited (CGR) released its quarterly activities report and Appendix 5B cash flow report for the quarter ended 31 March 2024. During the quarter, CGN focused on its flagship Webb Project, with an emphasis on exploration activities, particularly drilling programs and gravity surveys. The company reported progress on multiple targets, including iron oxide copper-gold (IOCG) style mineralisation, and discussed ongoing geological and geophysical assessments. Financially, the Appendix 5B cash flow report highlights the expenditure on exploration and evaluation activities as well as the company’s cash position and use of funds. The report also covers administrative matters, compliance-related updates, and details on related party transactions. The company remains committed to advancing its projects while maintaining prudent financial management.
Key Points
  • Quarterly activities report and Appendix 5B cash flow for the period ended 31 March 2024 released.
  • CGN Resources’ principal focus during the quarter was on the Webb Project.
  • Exploration included drilling and gravity surveys targeting IOCG mineralisation.
  • Progress reported across multiple exploration targets within the project area.
  • Appendix 5B outlines cash flows from operating, investing, and financing activities.
  • Significant expenditure on exploration and evaluation activities during the quarter.
  • Administrative and compliance updates provided, including related party transactions.
  • Company remains financially prudent and focused on advancing exploration projects.
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.