NT Minerals Quarterly Activities Report for June 2026
Key points
- Cancellation of proposed acquisition and entitlement issue due to shareholder feedback
- Ongoing engagement with NSW Resources Regulator regarding McKinnons Gold Mine
- Company holds $473,846 in cash as at 30 June 2026
- Payments of $109,150 made to related parties
- Exploration expenditure of $174,000 for the quarter
Full summary
NT Minerals Limited (ASX: NTM) has reported its Quarterly Activities for the quarter ending 30 June 2026. The company terminated its proposed acquisition of the Endeavour Project and an Entitlement Issue due to significant shareholder concerns over a potential contingent liability related to the McKinnons Gold Mine in NSW. NT Minerals has continued to engage with the NSW Resources Regulator and maintains its position that it is not required to carry out any rehabilitation work. The company held $473,846 in cash as at 30 June 2026 and made payments of $109,150 to related parties. Exploration expenditure for the quarter was $174,000, with no mining production or development activities.
Guidance
NT Minerals holds $473,846 in cash as at 30 June 2026.
Outlook
NT Minerals is in discussions regarding additional funding and potential project acquisitions.
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