Quarterly Activities and Cashflow Report, Quarter ended 31 March 2022
Southern Gold Limited (ASX: SAU) (Southern Gold or the Company) is pleased to release its Quarterly Activities Report and Appendix 5B Quarterly Cashflow report for the quarter ended 31 March 2022 (the Quarter).
- Project Generation fieldwork results in 44 new licence applications, increasing exploration licences under application to 109, covering an area of 305.4 km2
- SAU agrees to sell 50 million of its BMV shares for $0.9 million, with the remaining 150 million shares valued at $5.2 million
- BMV accessed a funding facility to progress activities towards commencement of mining in South Korea
- Total cash of A$5.2 million at 31 March 2022
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