InvestSMART

Riedel Resources Limited (ASX:RIE)

ALERT: Price-sensitive ASX Announcement for RIE
Current share price for RIE : $0.021 -0.02 (-48.78%)+
Announcement
Release
27 Oct 2025 6:09PM
Price at Release
$0.041
Full Release
download
Summary
Riedel Resources Limited reported on their quarterly activities and financial performance for the period ending 30 September 2025. The company is progressing with its Kingman Project in Arizona, focusing on the Tintic deposit. A detailed drilling program is planned to advance metallurgical tests and resource estimation. The company has raised $1.4 million through a placement and share purchase plan to fund the project's development. The cash flow report indicates a net positive cash flow from financing activities but a net cash outflow from operating and investing activities. At the end of the quarter, the company had cash and cash equivalents amounting to $1.091 million.
Key Points
  • Drill planning is progressing at the Kingman Gold Project, Arizona.
  • Drilling program is designed to support technical assessments and further exploration.
  • The company raised $1.4 million to fund upcoming work programs.
  • Net cash flow from financing activities was positive at $960,000.
  • End of quarter cash and cash equivalents were $1.091 million.
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.