Octava Minerals Limited (ASX:OCT)

ALERT: Price-sensitive ASX Announcement for OCT

Current share price for OCT : $0.021 -0.03 (-59%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

29 Oct 2025 4:30PM

Price at Release

$0.050

Full Release

Summary

Octava Minerals Limited's quarterly report for the period ending 30 September 2025 highlights significant activities and financial updates. The company signed an agreement to acquire the Federation Cu-Zn-Ag-Sn Project, reported successful bioleaching test results for the Byro Critical Minerals Project, and secured $1.5 million through a placement. Key projects include the Federation project in Tasmania and the Byro project in Western Australia, which showed promising rare earths and lithium extraction rates. Cash and cash equivalents stood at $1.84 million at the end of the quarter.

Key Points

Signed binding agreement to acquire Federation Cu-Zn-Ag-Sn Project.
Successful $1.5 million placement to sophisticated investors.
Excellent initial bioleaching test results at Byro Project.
Cash and cash equivalents at the quarter end were $1.84 million.
Focus on exploration efforts in Federation and Byro Critical Minerals projects.
Set plans for further exploration activities and metallurgical test work.
No debt reported as of the quarter end.
High extraction rates for rare earths and lithium in Byro bioleaching tests.
Exploration projects include those in Western Australia and Tasmania.

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.