Use of Funds from the Capital Raising $
Expenses of the Capital Raising 280,000
Lemare Project costs and exploration 800,000 [DELAYED UPDATES]
Euriowie Project exploration 200,000 [UPDATE EXPECTED DECEMBER]
Crusader JV 250,000 [ON HOLD WITH CAS REFOCUSED ON GOLD] [NO UPDATES]
New Project evaluation 120,000
Gobbos Project exploration 600,000 [NO UPDATES WITH DEFICIENT DRILL RESULTS]
General working capital and corporate overheads 1,422,904
Total funds applied 3,672,904
With no current or forecasted revenue streams, how are we planning to remunerate the new key personal in the lead up to 2019? Another captial raising? l'm expecting a pretty darn impressive AGM Presentation in lieu of some big holes in what management has publicly communicated thus far as its corporate strategy.
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