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Sagalio Energy Limited (ASX:SAN)

ALERT: Price-sensitive ASX Announcement for SAN
Current share price for SAN : $0.009 0.003 (50%)+
Announcement
Release
31 Oct 2025 2:23PM
Price at Release
$0.006
Full Release
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Summary
Sagalio Energy Limited's quarterly activities report details significant developments in the Muckanippie Project, particularly the completion of a Phase 2 drilling program, which expanded the Rosewood Titanium Discovery. The drilling confirmed the continuity and high-grade nature of the mineralization, extending the mineralized footprint. The company plans further drilling and metallurgical testing as part of its ongoing exploration initiatives. Corporate changes include the appointment of Rob Sennitt as Executive Director and the increase of their stake in a tenement through an agreement with Narryer Metals. Financially, Sagalio Energy Limited ended the period with $8.4 million in cash.
Key Points
  • Completion of Phase 2 drilling program with 128 holes at Rosewood
  • High-grade mineralization confirmed, extending 1.6km north
  • Mineralized footprint now exceeds 20km²
  • Ongoing metallurgical testing and future drilling planned
  • Appointment of Rob Sennitt as Executive Director
  • Increased interest in tenement EL 6715 to 70% under Narryer Metals Farm-in Agreement
  • Company held $8.4 million cash at the end of the period
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.