Copper Strike (ASX: $CSE) Quarterly Activities Update

Copper Strike Ltd (ASX: $CSE) has released its quarterly activities update for the period ending 30 June 2024. The company completed a capital return of $0.0685 per share, amounting to a cash payment of $9.2 million. Shareholders approved the Capital Return at a general meeting held on 5 April 2024, with the payment date set for 19 April 2024. In addition, the fully franked dividend paid in March 2024, combined with the Capital Return, resulted in a total cash return to shareholders of approximately $13 million ($0.0969 per share) in the second half of the financial year.

Executive Commentary on Corporate Strategy and Financials

The Company continues to explore potential project acquisitions across various commodities and sectors as part of its corporate strategy. We are committed to keeping our shareholders informed of any developments in this regard and will make appropriate announcements as and when necessary. The completion of the capital return and the total cash return to shareholders of approximately $13 million in the second half of the financial year reflects our dedication to delivering value to our shareholders.

Summary of Quarterly Report and Outlook

Copper Strike (ASX: $CSE) reported a capital return of $0.0685 per share and a total cash return to shareholders of approximately $13 million in the second half of the financial year. The company remains focused on reviewing potential project acquisitions across different commodities and sectors as part of its corporate strategy. With approximately $4.4 million in cash and cash equivalents at the end of the quarter, Copper Strike is well-positioned to pursue its strategic objectives. Shareholders can anticipate further updates on the company's progress in line with its commitment to transparency and value creation.