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Genesis Resources Limited (ASX:GES)

ALERT: Price-sensitive ASX Announcement for GES
Current share price for GES : $0.006 0.001 (20%)+
Announcement
Release
29 Jul 2025 2:43PM
Price at Release
$0.005
Full Release
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Summary
Genesis Resources Limited's Quarterly Activities and Appendix 5B Cash Flow Report for the period ended March 31, 2023, provides an update on the company's exploration and corporate activities. During the quarter, Genesis continued to advance its gold and other mineral projects in North Macedonia and Australia, with ongoing exploration at the Plavica and Barovica projects. The company finalized and lodged an Environmental Impact Assessment Study (EIA) for Plavica, initiated a technical study for Barovica, and reported no expenditure on mining production or development. Genesis reported a net cash outflow from operating activities, mainly attributable to exploration and evaluation costs, and ended the quarter with a cash balance. There were no significant financing or investing activities during the quarter, and the company remains focused on progressing its exploration projects while monitoring cash flow and cost management.
Key Points
  • Genesis Resources Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the period ended March 31, 2023.
  • Exploration activities continued at the Plavica and Barovica projects in North Macedonia.
  • The Environmental Impact Assessment Study (EIA) for the Plavica project was completed and lodged with authorities.
  • A technical study for the Barovica project was initiated.
  • No mining production or development expenditure was reported during the quarter.
  • Net cash outflow from operating activities was mainly due to exploration and evaluation expenses.
  • Genesis ended the quarter with a cash balance and no significant financing or investing cash flows.
  • The company maintains a focus on advancing its exploration portfolio and prudent cash management.
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.