Altamin Ltd reports September 2025 quarterly results
Key points
- Lazio Project awarded A$3.62 million grant, technical work ongoing
- Gorno Project sale/strategic partner process continues
- Board and management changes, successful A$4.39 million capital raise
- Group cash balance of A$3.83 million at 30 September 2025
Full summary
Altamin Ltd has provided its Quarterly Activities Report for the period ended 30 September 2025. Key highlights include:Lazio Project:- Awarded a prestigious A$3.62 million grant by the Italian Ministry of Environment and Energy Security (MASE) in partnership with RINA SpA and the University of L'Aquila- Technical work completed includes well and platform design, with a reservoir assessment ongoing- RINA continues to conduct the Pre-Feasibility Study for the processing facilities, to be followed by an Environmental Impact AssessmentGorno Project:- Argent Partners continues to lead the process of securing a sale and/or attracting a strategic partner following 100% consolidation of interestCorporate:- Strategic changes to the Board structure and management, with the appointment of Mr Peter Edwards as non-executive Chairman and Mr Geraint Harris as director and CEO- Successful non-renounceable pro-rata entitlement offer raised A$4.39 million (before costs)- Group cash balance of A$3.83 million reported as at 30 September 2025
Guidance
The company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.
Outlook
The company did not provide any forward-looking outlook statements in the announcement.
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