Peregrine Gold Ltd (ASX:PGD)

Peregrine Gold Ltd (ASX: PGD) reported its quarterly activities for the period ended 31 December 2025, highlighting the identification of a second high-grade, large-scale iron ore target at the Newman Project named Carneys CID, located near BHP’s Western Ridge Project. The company maintained a strong cash balance of approximately $3.2 million, providing sufficient resources for ongoing exploration programs. Exploration expenditures for the quarter were approximately $0.7 million, primarily directed towards the Newman Gold & Iron Ore Project. Significant progress was made in the acquisition and exploration of tenements, with no mining or production activities reported. Cash flows from operating activities resulted in a net decrease, while financing activities included proceeds from equity issues. The report detailed cash flow activities, including receipts from equity securities and payments for exploration and evaluation, administrative expenses, and related party transactions. No dividends were paid, and there were no borrowings at the end of the quarter.