Quarterly Activities report to 31 March 2025
| Stock | Korab Resources Ltd (KOR.ASX) |
|---|---|
| Release Time | 30 Apr 2026, 4:18 p.m. |
| Price Sensitive | Yes |
Quarterly Activities report to 31 March 2025
- Review of rockchip, auger, stream sediment and soil sampling programs at Rum Jungle Project
- Commenced review of geochemistry, petrography, mineralogy, geology and spectral data targeting potential Gallium and REE
- Undertook updates of various prior studies, planning of additional surveys, drilling programs, and sampling and mapping programs
Korab Resources Ltd reported on its quarterly activities for the period ended 31 March 2025. Key activities included a review of rockchip, auger, stream sediment and soil sampling programs at the Rum Jungle Project, with a focus on gold, silver, copper, lead, and zinc potential. The company also commenced a review of geochemistry, petrography, mineralogy, geology and spectral data targeting potential Gallium and REE. Korab undertook updates of various prior studies, planning of additional surveys, drilling programs, and sampling and mapping programs. The company suspended updates of previously reported pre-feasibility studies on the production and sales of DSO magnesium carbonate rock, processing and sales of magnesium oxides, and sales of waste products from Winchester, pending the completion of new geophysical data acquisition and analysis. Korab continued discussions with potential financiers, buyers, and representatives regarding the development of the Winchester magnesium deposit. The company also reported on the judicial review of the decision to renew Mineral Leases MLN542 and MLN543, which was quashed by the Supreme Court due to a reasonable apprehension of bias. Subsequent to the end of the quarter, Korab reported the sale of its Ukrainian subsidiary, Limited Liability Company 'Donetsky Kryazh', to an unrelated entity.