Hi @midastouch0707, as far as I can see Cosmo tenement expenditure has drastically improved in 2023 : $460,109 (i.e. Exploration $269,289; Rent $106,854; Administration $83,966).
There was $51,123 cash remaining in the Cosmo coffers at the end of June last year (2022) which might suggest the DDD / ADG interest-free loan to Cosmo has ballooned by a few more $$$,$$$ (considering Cosmo has spent $460K). The outstanding loan amount was $1.25M at the end of Dec'22 (i.e. 7.5 months ago).
When ADG release their Sep'23 quarterly report in a few months time it'll be interesting to see how much (or how little) remains of the $500K CR from late June. Cash tends to evaporate faster than expected & it won't be any surprise if the next CR needs to hoover-in (with greater resistance) additional cash to fund the next round of drilling at Adelong later in the year.
Current info for the 2023 Cosmo tenement expenditure is below...E38/2274
License Expiry : 09/06/23 (extension / renewal of term lodged on 07/06/23)
2023 Minimum Expenditure : $84,000
Total Expenditure : $88,988(lodged on 26/07/23): Exploration $39,573; Rent $32,615; Admin $16,800
E38/2627License Expiry : 10/05/24
2023 Minimum Expenditure : $70,000
Total Expenditure : $72,673(lodged on 28/06/23) : Exploration $45,472; Rent $13,201; Admin $14,000
E38/2774License Expiry : 28/07/23
2023 Minimum Expenditure : $58,333
Total Expenditure : $61,822 (lodged on 10/08/23): Exploration $36,959; Rent $13,197; Admin $11,666
E38/2851License Expiry : 11/03/24
2023 Minimum Expenditure : $111,000
Total Expenditure : $136,167(lodged on 08/05/23) : Exploration $85,235; Rent $28,732; Admin $22,200
E38/3249License Expiry : 17/07/23 (extension / renewal of term lodged 17/07/23)
2023 Minimum Expenditure : $22,500
Total Expenditure : $23,595 (lodged on 10/08/23): Exploration $16,032; Rent $3,063; Admin $4,500
E38/3456License Expiry : 17/07/26
2023 Minimum Expenditure : $35,500
Total Expenditure : $36,202(lodged on 27/06/23) : Exploration $21,798; Rent $7,404; Admin $7,000
E38/3457License Expiry : 20/04/26
2023 Minimum Expenditure : $20,000
Application to Surrender Outright(lodged on 18/04/23)
E38/3525License Expiry : 30/06/26
2023 Minimum Expenditure : $39,000
Total Expenditure : $40,662(lodged on 26/07/23) : Exploration $24,220; Rent $8,642; Admin $7,800
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