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Silver Metal Group Finalises Texas Project Sale Amid Cash Crunch and Exploration Plans
11:45am on Friday 31st of January, 2025 AEDT
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Mining
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Silver Metal Group Finalises Texas Project Sale Amid Cash Crunch and Exploration Plans
11:45am on Friday 31st of January, 2025 AEDT
Key Points
Texas Project sale completed, operational control transferred to Danola Pty Ltd
Exploration planning underway for Webbs and Lachlan Fold Belt projects
Quarterly exploration expenditure of $217k with minimal operational activity
Cash reserves critically low at $3k, with debt funding negotiated
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