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Hamelin Gold Limited (ASX:HMG)

ALERT: Price-sensitive ASX Announcement for HMG
Current share price for HMG : $0.100 0.037 (58.73%)+
Announcement
Release
29 Jul 2025 8:20AM
Price at Release
$0.063
Full Release
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Summary
Hamelin Gold Limited (HMG) released its Quarterly Activities Report and Appendix 5B for the period ending 31 March 2024. During the quarter, HMG conducted significant exploration activities at its West Tanami Gold Project in Western Australia, focusing on drilling, geochemical sampling, and data analysis across multiple prospects including Sultan, Fremlins, Olsen, and Newkirk. Notable gold mineralisation was intersected at the Sultan and Fremlins prospects, with aircore and diamond drilling programs providing encouraging results that suggest extensions of known mineralisation and new targets. The company advanced its understanding of the regional geology, completed heritage surveys, and engaged in stakeholder and Native Title holder consultations. Corporate highlights include a strong cash position at the end of the quarter and ongoing cost management. No mining production or development occurred during the quarter. The report concludes with an Appendix 5B, detailing the company's financial activities and expenditures.
Key Points
  • Significant exploration at West Tanami Gold Project targeting multiple prospects including Sultan, Fremlins, Olsen, and Newkirk.
  • Aircore and diamond drilling programs yielded encouraging gold mineralisation results, particularly at Sultan and Fremlins.
  • Geochemical sampling and data analysis advanced understanding of mineralisation patterns and geological controls.
  • New drill targets generated through regional geochemical and geophysical analysis.
  • Heritage surveys conducted and ongoing engagement with Native Title holders and stakeholders.
  • No mining production or development took place during the quarter.
  • Strong cash position reported at the end of the quarter with prudent cost management.
  • Appendix 5B included, summarising financial activities and exploration expenditures.
  • Focus remains on expanding gold resources and progressing exploration across the West Tanami region.
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.