Quarterly Activities/Appendix 5B Cash Flow Report
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| Stock | Tolu Minerals Ltd (TOK.ASX) |
|---|---|
| Release Time | 31 Jul 2026, 9:37 a.m. |
| Price Sensitive | Yes |
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Tolu Minerals Ltd Q2 2026 Update
Key Points
- Strong cash position of approximately A$50 million
- Record drilling with two new high-grade gold discoveries
- Updated Mineral Resource Estimate expected in late August 2026
- Confident of first gold production by Q1 2027
Full Summary
Tolu Minerals Ltd is pleased to provide a market update for the June 2026 quarter, highlighting strong progress at the Tolukuma Gold Mine (TGM). The Company has a robust balance sheet with a strong cash position of approximately A$50 million. The most intensive drilling program in Tolukuma's history delivered 68 holes for 11,686 metres in the June quarter alone, including two new high-grade discoveries. The updated Mineral Resource Estimate is expected in late August 2026, and the Company remains confident of achieving first gold production by Q1 2027.
Guidance
First gold production expected by Q1 2027
Outlook
The Company remains confident of achieving first gold production by Q1 2027, with the updated Mineral Resource Estimate expected in late August 2026.
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