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Cosmo Metals Limited (ASX:CMO)

ALERT: Price-sensitive ASX Announcement for CMO
Current share price for CMO : $0.007 -0.012 (-63.16%)+
Announcement
Release
31 Jul 2025 9:07AM
Price at Release
$0.019
Full Release
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Summary
Cosmo Metals Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 31 March 2023. During the quarter, the company advanced its exploration activities at the Mt Venn Project in Western Australia, targeting copper, nickel, and cobalt mineralization. Key activities included successful drilling at the Mt Venn prospect, revealing significant sulphide intersections and confirming the presence of a large mineralized system. The company also completed a ground electromagnetic survey at the Eastern Mafic prospect, identifying new targets for further drilling. Financially, Cosmo Metals reported exploration and evaluation expenditures, and its cash position at the end of the quarter was disclosed. The company remains focused on advancing exploration and maximizing shareholder value through ongoing technical programs and prudent financial management.
Key Points
  • Cosmo Metals Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 31 March 2023.
  • Significant exploration activities were undertaken at the Mt Venn Project in Western Australia, focusing on copper, nickel, and cobalt.
  • Drilling at the Mt Venn prospect confirmed significant sulphide zones and a large mineralized system.
  • A ground electromagnetic survey at the Eastern Mafic prospect identified new drill targets.
  • Exploration and evaluation expenditures were reported for the quarter.
  • The company disclosed its cash position at the end of the reporting period.
  • Cosmo Metals maintains a focus on advancing exploration and technical programs while managing finances prudently.
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.