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G11 Resources Limited (ASX:G11)

ALERT: Price-sensitive ASX Announcement for G11
Current share price for G11 : $0.225 -0.13 (-36.62%)+
Announcement
Release
27 Jan 2026 1:37PM
Price at Release
$0.355
Full Release
download
Summary
G11 Resources Limited reported significant progress in its December 2025 Quarterly Activities Report. The company completed the acquisition of Pacific State Metals, bolstering its portfolio with key projects in Tasmania's Mt Read Volcanics region and NW NSW. A total of $7.5 million was raised through a two-tranche placement to fund drilling programs targeting Tier 1 Copper/Gold deposits. A new CSAMT anomaly, Zig Zag, was identified at the Sedgwick project. The company also acquired additional tenements in Tasmania. Approvals for drilling at the Zig Zag anomaly were received, with operations set to commence shortly. A share consolidation was completed, and financial activities included securing $4,027 million from financing, with $4,791 million in cash and equivalents at the quarter's end.
Key Points
  • Completed acquisition of Pacific State Metals.
  • Raised $7.5 million for drilling programs.
  • Discovered Zig Zag anomaly at Sedgwick project.
  • Acquired additional tenements in Tasmania.
  • Received drilling approval for Zig Zag anomaly.
  • Completed 1 for 10 share consolidation.
  • Secured $4,027 million from financing activities.
  • Ended the quarter with $4,791 million in cash.
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.