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Enegex Limited (ASX:ENX)

ALERT: Price-sensitive ASX Announcement for ENX
Current share price for ENX : $0.215 0.178 (481.08%)+
Announcement
Release
24 Oct 2025 8:18AM
Price at Release
$0.037
Full Release
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Summary
Enegex Limited reported its Quarterly Activities and Appendix 5B Cash Flow Report for the period ended 30 September 2025. The company announced the acquisition of Famien Resources Pty Ltd, which holds a large portfolio of gold exploration permits in Côte d'Ivoire. The acquisition is accompanied by a $5 million share placement to fund exploration and growth initiatives, subject to shareholder approval at the upcoming AGM. The document highlights planned exploration activities in Côte d'Ivoire and Western Australia, with targets identified and initial drilling programs expected to commence shortly. The consolidated cash flow statement shows a decrease in cash and cash equivalents during the quarter, reflecting operating and investing activities.
Key Points
  • Enegex to acquire Famien Resources with gold prospects in Côte d'Ivoire.
  • Famien has over 3,700 km² of exploration permits in Côte d'Ivoire.
  • Paul Roberts to join Enegex as Managing Director.
  • Enegex has secured $5 million for exploration and growth.
  • Share placement and acquisition are pending shareholder approval.
  • Consolidated cash flow shows a decrease in cash equivalents.
  • Exploration activities planned in both Côte d'Ivoire and Western Australia.
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.