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Koba Resources Limited (ASX:KOB)

ALERT: Price-sensitive ASX Announcement for KOB
Current share price for KOB : $0.030 -0.04 (-57.14%)+
Announcement
Release
31 Oct 2025 9:27AM
Price at Release
$0.070
Full Release
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Summary
Koba Resources Limited's quarterly report for the period ending 30 September 2025 highlights the acquisition of high-grade tin-tungsten projects in Queensland, Australia, and the progression of the Yarramba Uranium Project in South Australia. The company completed a binding agreement to acquire 100% interest in the Stannary Hills and Mt Garnet projects, which include numerous historic mines and unmined mineralization. During this quarter, Koba made significant progress in their exploration activities, notably identifying a new uranium prospect at Yarramba. The company's financial activities included a $4.35 million placement and cash inflows from financing activities totaling $714,000. The Appendix 5B cash flow report details a net decrease in cash due to operational and investing activities, with an ending cash balance of approximately $1.4 million at the end of the quarter.
Key Points
  • Acquisition of Stannary Hills and Mt Garnet Tin-Tungsten Projects.
  • Discovery of a new uranium prospect at the Yarramba Project.
  • Completion of an $844,000 equity financing.
  • Net cash from operating activities was a loss of $186,000.
  • Cash at the end of the quarter totaled $1.4 million.
  • Implementation of strategic exploration activities across acquired assets.
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.