Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8

Yes, your quoting directly from Section 8.8.1 of the March Appendix 5B cash flow report.

So in simple terms, the company is acknowledging that the big cash burn from last quarter isn’t expected to repeat to the same degree going forward. They’re saying exploration activity has scaled back and headcount expenses are lower. That said, while this gives them a bit more breathing room, they’ll still need incoming cash, either from the Extension contract or Paramount’s final tranche, to properly stabilise the balance sheet. Less outflow doesn’t mean positive cash flow yet, but the company is signalling a lighter burn rate ahead, which is positive.