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Core Energy Minerals Ltd (ASX:CR3)

ALERT: Price-sensitive ASX Announcement for CR3
Current share price for CR3 : $0.008 -0.004 (-33.33%)+
Announcement
Release
31 Oct 2025 8:10AM
Price at Release
$0.012
Full Release
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Summary
Core Energy Minerals Ltd reported significant exploration progress in their quarterly report ending 30 September 2025. The Tunas Project in Brazil yielded promising results with high levels of rare earth elements, prompting further tenement extensions. In South Australia, the Cummins Uranium Project identified substantial uranium deposits. Financially, the company reported net cash used in operating activities of $885,000 for the quarter, ending with $430,000 in cash and cash equivalents. Key appointments were made, including Anthony Greenaway as Managing Director and Rachel Kogiopoulos as CFO.
Key Points
  • First pass reconnaissance sampling at Tunas Project in Brazil showed significant REE findings.
  • New tenement applications extend Tunas Project by 8km to cover more anomalies.
  • Maiden drill program completed at Cummins Uranium Project in South Australia with significant U3O8 findings.
  • Appointments of Anthony Greenaway as Managing Director and Rachel Kogiopoulos as CFO.
  • Net cash from operating activities for the quarter was negative $885,000.
  • Cash and cash equivalents at the end of the period totaled $430,000.
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.