Quarterly Cash Flow Report - December 2024

Key points

• Cash receipts of $316k for the quarter
• Net cash used in operating activities of $2.5M
• Investing activities of $38.7M, including $14.9M on exploration
• Cash and cash equivalents of $30.9M at quarter end

Full summary

De Grey Mining Ltd has released its quarterly cash flow report for the period ending 31 December 2024. The company reported cash receipts of $316k for the quarter and net cash used in operating activities of $2.5M, which included $4M in staff costs and $2.1M in administration and corporate costs. Investing activities for the quarter totaled $38.7M, with $14.9M spent on exploration and evaluation and $23.8M on property, plant and equipment. De Grey held $30.9M in cash and cash equivalents at the end of the quarter. The company also held $755.5M worth of term deposits with maturity lengths between 3-12 months, bringing the total cash balance, including term deposits, to $786.4M as of 31 December 2024.