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First Lithium Limited (ASX:FL1)

ALERT: Price-sensitive ASX Announcement for FL1
Current share price for FL1 : $0.140 0.025 (21.74%)+
Announcement
Release
31 Oct 2025 8:15AM
Price at Release
$0.115
Full Release
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Summary
First Lithium Limited (FL1) reported its quarterly activities for the period ending 30 September 2025. The company announced the securing of an extended funding facility of $800,000, with funds to be received in two tranches by December 2025. Pending license renewals in Mali are expected to be processed soon, facilitating the completion of a Maiden Mineral Resource Estimate (MRE) in the December quarter. The company noted a cash balance of $0.3 million as of 30 September 2025 and expected further funds to be deposited. Approximately $89,000 was spent on exploration activities during the quarter, focusing on MRE estimation and fieldwork. The report reiterated that no mining development or production activities occurred during this period.
Key Points
  • Secured an extended funding facility of $800,000.
  • Pending license renewals in Mali are expected to be processed soon.
  • Maiden Mineral Resource Estimate expected to be finalized in the December quarter.
  • Cash balance of $0.3 million as of 30 September 2025.
  • Approximately $89,000 spent on exploration activities during the quarter.
  • No mining development or production activities conducted during the quarter.
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.