Quarterly Cashflow Report (Appendix 5B) - December 2024
| Stock | Argosy Minerals Ltd (AGY.ASX) |
|---|---|
| Release Time | 28 Jan 2025, 8:18 a.m. |
| Price Sensitive | Yes |
Argosy Minerals Quarterly Cashflow Report - December 2024
- 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
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.