Sierra Nevada Gold (SNX.AX) – Corporate Update
Market Performance – 24‑hour Summary
- The share price closed at AUD 0.09, down 3.45 % from the previous close.
- Total volume traded in the last 24 hours was approximately AUD 99.6 k.
- Market capitalization is AUD 43.3 mn.
- Shares outstanding: 516 million.
- 52‑week high: AUD 0.14 (09 Oct 2026).
- 52‑week low: AUD 0.02 (28 Nov 2025).
- 200‑day simple moving average: AUD 0.07.
- Since the end of last month, the stock has fallen 26.96 %.
Corporate Highlights
As Safra Project – Saudi Arabia Sierra Nevada Gold Inc. has initiated Phase 2 drilling at the As Safra copper‑gold project after successful Phase 1 results that confirmed a large, coherent mineral system. Initial Phase 2 drilling indicates encouraging production rates and expands the exploration footprint to include multiple mineralisation styles. Capital raised earlier in the year is being allocated to accelerate exploration and to evaluate additional opportunities in the Kingdom.
Nevada Asset Portfolio Review The company is reviewing its Nevada, USA assets, which have attracted commercial interest. Options being explored include sales or partnership arrangements to maximise value while retaining strategic exposure to future exploration upside.
Leadership Change The board has appointed a new chief executive officer to oversee the Saudi Arabian focus and the Nevada commercialisation strategy.
Related Market Activity
| Ticker | 24‑hr % Change | Current Price | Market Cap |
|---|---|---|---|
| SPAIF | +11.11 % | USD 1.30 | USD 36.1 mn |
| AUZ.AX | 0 % | AUD 0.12 | AUD 50.6 mn |
| HAS.AX | +2.27 % | AUD 0.23 | AUD 51.6 mn |
| AV1.AX | -3.45 % | AUD 0.06 | AUD 51.9 mn |
Upcoming Events – Hastings Technology Metals Ltd
- Annual General Meeting: 27 Nov 2026, 10:00 a.m. Perth time (Mill Street Conference Room; online registration available).
- Agenda items include the annual financial report, directors’ report, remuneration report, re‑election of Director Guy Robertson, ratification of shares issued to placement participants, and a 7.1A mandate permitting additional equity issuances without further shareholder approval. The board recommends approval of all resolutions; the chair will vote in favour of any undirected proxies.
Company Profile Sierra Nevada Gold Inc. is an Australian exploration and mining services company specialising in copper and gold projects. It operates globally and is listed on the ASX All Markets. For more information, visit www.sngold.com.au .
