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Koba Resources Limited (ASX:KOB)

ALERT: Price-sensitive ASX Announcement for KOB
Current share price for KOB : $0.035 -0.014 (-28.57%)+
Announcement
Release
2 Feb 2026 8:14AM
Price at Release
$0.049
Full Release
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Summary
Koba Resources Limited, an ASX-listed company, reported on its cash flow and exploration activities for the quarter ending 31 December 2025. The company focused on its high-grade tin-tungsten projects in North Queensland, with upcoming drilling scheduled at its Stannary Hills and Mt Garnet projects. Koba completed a significant placement to fund exploration and aims to explore over 400 square kilometers of prospective area. The company reported a net cash inflow from financing activities, with a cash balance of approximately $4.975 million at the end of the quarter, providing funding for more than ten quarters. The company also reported high-grade mineralization results from exploration activities, underpinning further drilling plans.
Key Points
  • Drilling scheduled to commence at Stannary Hills Tin-Tungsten Project in late-Q1 2026.
  • Completion of a $4.35 million equity placement to advance exploration projects.
  • Net cash inflow from financing activities amounting to $4,059,000 for the quarter.
  • Cash balance at the end of the quarter was $4.975 million, excluding listed investments.
  • High-grade tin mineralization confirmed at Kitchener Trend with samples up to 13.5% Sn.
  • Exploration activities at Stannary Hills and Mt Garnet focused on tin and tungsten mineralization.
  • Scheduled drilling at Yarramba Uranium Project to follow-up on high-grade intercepts.
  • No borrowing or loan facilities utilized 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.