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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.083 0.015 (22.06%)+
Announcement
Release
31 Oct 2025 6:21PM
Price at Release
$0.068
Full Release
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Summary
OzAurum Resources Limited, an Australian mining exploration company, has announced a significant quarter of progress for its flagship Mulgabbie North Gold Project. The company's recent report highlights high-grade gold intercepts from drilling at the Cross Fault zone, validating the potential of this discovery and reinforcing the viability of a low-cost, scalable heap-leach operation. The company is advancing its feasibility study with a strategic focus on accelerating development toward near-term gold production. Financially, OzAurum reported a net cash flow from operating activities of -$619,000 for the quarter ending 30 September 2025, with a substantial portion of cash used in exploration activities, and it ended the period with $1,264,000 in cash and cash equivalents. The amendment to their previous announcement corrects an error regarding potential drilling in Brazil.
Key Points
  • High-grade gold confirmed at Mulgabbie North Gold Project.
  • Significant gold intercepts from Cross Fault zone.
  • Feasibility study underway for heap-leach operation.
  • Net cash flow from operating activities was -$619,000.
  • Cash and cash equivalents at quarter end were $1,264,000.
  • Amendment corrects error in potential drilling description in Brazil.
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.