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Reach Resources Limited (ASX:RR1)

ALERT: Price-sensitive ASX Announcement for RR1
Current share price for RR1 : $0.013 0.004 (38.89%)+
Announcement
Release
30 Oct 2025 9:52AM
Price at Release
$0.009
Full Release
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Summary
Reach Resources Limited reported its quarterly activities and cash flow for the quarter ending 30 September 2025. The company is advancing its Murchison South Gold Project with completed environmental and heritage surveys with no significant impediments to mine development. The ongoing scoping study includes pit optimizations and metallurgical test work with 97% recovery rate. Financially, the company reported a decrease in cash and cash equivalents from $3.272 million to $2.482 million. There were no proceeds from financing activities, and the operations and investing activities resulted in a cash outflow of $790,000, leaving an estimated 3.14 quarters of funding available. Payments to related parties totaled $47,000, primarily for director fees.
Key Points
  • Murchison South Gold Project environmental and heritage surveys completed.
  • Ongoing scoping study includes pit optimization and metallurgical testing.
  • Cash and cash equivalents decreased from $3.272 million to $2.482 million.
  • No cash inflow from financing activities.
  • Total cash outflow of $790,000 from operations and investing activities.
  • Estimated 3.14 quarters of funding available.
  • Payments to related parties amounted to $47,000 for director fees.
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.