• Cash flows from operating activities showed a net cash outflow of $857,000
• Significant cash outflow for exploration & evaluation activities
• Cash and cash equivalents at the end of the quarter were $30,625,000

Golden Horse Minerals Limited released its quarterly cash flow report for the quarter ended 30 June 2026. The report details the company's cash flows from operating, investing, and financing activities. Cash flows from operating activities showed a net cash outflow of $857,000, primarily due to payments for exploration & evaluation and staff costs. Investing activities resulted in a net cash outflow of $7,854,000, mainly due to payments for exploration & evaluation. Financing activities showed a net inflow of $15,000 from the exercise of options. The company's cash and cash equivalents at the end of the quarter were $30,625,000.

Estimated cash available for future operating activities: 3.54 quarters

The company expects to continue its operations and meet business objectives based on the available funding.