Quarterly Cashflow Report (Appendix 5B) - March 2025
| Stock | Argosy Minerals Ltd (AGY.ASX) |
|---|---|
| Release Time | 28 Apr 2025, 8:28 a.m. |
| Price Sensitive | Yes |
Argosy Minerals Quarterly Cashflow Report for March 2025
- Net cash used in operating activities of $161,000
- Payments for exploration, development, and investing activities totaling $1.63 million
- Cash and cash equivalents of $4.135 million at quarter end
Argosy Minerals Ltd. has released its quarterly cashflow report for the period ending March 2025. The report shows net cash used in operating activities of $161,000, primarily due to payments for staff costs and administration/corporate costs. Payments for exploration and evaluation activities totaled $26,000, while payments for development activities were $661,000. The company also made a $944,000 loan to its subsidiary Puna Mining. Overall, the net cash used in investing activities was $1.631 million. There were no significant cash flows from financing activities, with only $17,000 used for lease repayments. The company had cash and cash equivalents of $4.135 million at the end of the quarter, down from $5.960 million at the start of the quarter.