Dragon Mountain Gold Limited (AU:DMG) has released an update.
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Dragon Mountain Gold Limited has actively pursued exploration at both the Avalon and Cawse Projects, focusing on gold, REE, and lithium targets, with a Phase 1 drill program planned upon approval of their PoW application. The company’s cash reserves stood at $368,000 at the end of the quarter, with $29,000 spent on exploration activities and no development or production expenditures. Adjustments to executive remuneration and the acquisition of new tenements have been significant corporate activities influencing the company’s financials.
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