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Stelar Metals Limited (ASX:SLB)

ALERT: Price-sensitive ASX Announcement for SLB
Current share price for SLB : $0.130 0.072 (124.14%)+
Announcement
Release
30 Jul 2025 11:02AM
Price at Release
$0.058
Full Release
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Summary
Stelar Metals Limited released its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ended 30 June 2023. During the quarter, the company made significant progress on its exploration projects, notably at the Evelyn Dam and Linda Zinc Projects, where drilling programs and geochemical studies were conducted. The company also commenced ground-based geophysical work at the Gunson Project to define drill targets. Stelar Metals raised $1.1 million through a successful placement to advance exploration. Financially, the company maintained a strong cash position at the end of the quarter and reported cash flows as required under Appendix 5B. The report outlines key exploration activities, financial management, and strategic plans for ongoing project development.
Key Points
  • Exploration drilling was conducted at Evelyn Dam and Linda Zinc Projects.
  • Ground geophysical surveys started at the Gunson Project to identify drill targets.
  • Significant geochemical sampling and mapping activities were undertaken.
  • Stelar Metals completed a $1.1 million capital raising via placement.
  • The company ended the quarter with a solid cash balance.
  • Detailed disclosures of cash flows were provided in Appendix 5B.
  • Ongoing focus on advancing exploration activities across the project portfolio.
  • Stelar Metals is progressing towards new drilling and exploration programs in the coming quarters.
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.