ADG 0.00% 0.6¢ adelong gold limited

Ann: Adelong raises $500,000 to complete 2023 Drilling Program, page-9

  1. 1,689 Posts.
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    @playwithfire, I had a quick look at the W.A Tenement Cache website & there have been some info updates for the Cosmo tenements. The 2023 minimum expenditure for all the Cosmo tenements has been updated to $440,333 (a bit lower than the $452,500 that was shown early in Jun'23) with some expenditure amounts ($245,042) lodged between 08/05/23 - 28/06/23. License exploration renewals have been made for tenements E38/2274 & E38/3249 with a license renewal due on 28/07/23 for tenement E38/2774.

    As ADG & Cosmo remain intertwined via their corporate umbilical's (i.e. shared management teams & life-support cash), the next ADG cap raise looks likely to land sometime during the Dec'23 quarter IMO.

    E38/2274

    License Expiry : 09/06/23 (extension / renewal of term lodged on 07/06/23)

    2023 Minimum Expenditure : $84,000


    E38/2627

    License Expiry : 10/05/24

    2023 Minimum Expenditure : $70,000

    Total Expenditure : $72,673 (lodged on 28/06/23)


    E38/2774

    License Expiry : 28/07/23

    2023 Minimum Expenditure : $58,333


    E38/2851

    License Expiry : 11/03/24

    2023 Minimum Expenditure : $111,000

    Total Expenditure : $136,167 (lodged on 08/05/23)


    E38/3249

    License Expiry : 17/07/23 (extension / renewal of term lodged 17/07/23)

    2023 Minimum Expenditure : $22,500


    E38/3456

    License Expiry : 17/07/26

    2023 Minimum Expenditure : $35,500

    Total Expenditure : $36,202 (lodged on 27/06/23)


    E38/3457

    License Expiry : 20/04/26

    2023 Minimum Expenditure : $20,000


    E38/3525

    License Expiry : 30/06/26

    2023 Minimum Expenditure : $39,000

    Cheers smile.png
    GW

    Last edited by GravityWaves: 25/07/23
 
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