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CGN Resources Limited (ASX:CGR)

ALERT: Price-sensitive ASX Announcement for CGR
Current share price for CGR : $0.075 -0.016 (-17.58%)+
Announcement
Release
30 Jan 2026 8:14AM
Price at Release
$0.091
Full Release
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Summary
CGN Resources Limited continues to advance its projects in Western Australia, focusing on the Leonora Gold Projects, including Christmas Well and Panhandle, and the Broadhurst Project in the Paterson Province. During the December quarter, the company executed a Land Access Agreement with the Darlot Traditional Owner group, allowing exploration activities to commence. The company maintained a strong cash position of approximately A$2.9 million, supporting ongoing exploration and potential drilling programs. Key activities included the completion of an aeromagnetic survey at Christmas Well, the acquisition of new tenements, and continuous project development across the asset portfolio. The Appendix 5B cash flow report highlights operating expenses of A$467k, with significant investments in data compilation, geological reviews, and stakeholder engagements.
Key Points
  • Grant of Exploration Licence E37/1579 and Prospecting Licences P37/9857–9867
  • Execution of a Land Access Agreement with the Darlot Traditional Owner group
  • Completion of detailed aeromagnetic survey at Christmas Well
  • Strong cash position of approximately A$2.9 million
  • Operating expenses for the quarter were A$467k
  • Focus on project development in Western Australia
  • Continued exploration and drilling preparation at Leonora Gold Projects
  • Progress in statutory and compliance activities for tenure grants
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.