No....there's $728k cash at 31/12 PLUS the $3.75m raised after 31/12, less any spending between 1/1/25 to date, so plenty to get them thru to initial drilling imo.
"On 7 February 2025, the Company issued 125,000,000 fully paid ordinary shares at an issue price of $0.03 per
share to raise $3,750,000 under the Company’s existing placement capacity. On the same day, the Company
issued 6,000,000 ordinary shares to directors for the share performance rights vesting on a market cap of
$20m, as approved by shareholders at 2023 AGM. "
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