Australasian Metals Limited (AU:A8G) has released an update.
Australasian Metals Limited, having maintained a disciplined capital management strategy, has strengthened its portfolio with valuable mining projects and a robust commodities trading network to leverage the growing demand for metals and commodities. The company has pursued non-dilutive funding and careful equity capital raising to preserve a strong cash position with no debt, ready to capitalize on market opportunities, particularly in the high-purity silica market. With a cash reserve of $3.15 million and no debt, Australasian aims to fast-track its Dingo Hole Quartz project amidst expected market growth in high-tech industries.
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