Quarterly Cashflow Report (Appendix 5B) - December 2024

Key points

• Net cash used in operating activities of $187,000
• Payments for exploration and development activities totaling $477,000
• Cash and cash equivalents of $5,959,000 at quarter end

Full summary

Argosy Minerals Ltd has released its quarterly cashflow report for the period ended 31 December 2024. The company reported net cash used in operating activities of $187,000, which included payments for staff costs of $111,000 and administration and corporate costs of $134,000. The company also made payments of $11,000 for exploration and evaluation activities and $466,000 for development activities. Cash and cash equivalents at the end of the quarter were $5,959,000, down from $7,352,000 at the end of the previous quarter. The company also held an additional US$95,000 in a Puna Mining S.A. bank account at the end of the quarter. The report also includes details on the company's financing facilities and estimated cash available for future operating activities.