Quarterly Cashflow Report (Appendix 5B) - March 2025

Key points

• 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

Full summary

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.