Quarterly Activities Report to 31 March 2022

02 May 2022

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).

Key highlights

  • 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

To download the full report please open the pdf below: 

Quarterly Activities and Cashflow report