LRL 16.7% 0.5¢ labyrinth resources limited

About $1.3M left with an explanation of how long it might last...

  1. 216 Posts.
    lightbulb Created with Sketch. 35
    About $1.3M left with an explanation of how long it might last from last activities report 2023. So we might be OK until 2H 2023 before looking for more money.
    "The Company expects to be able to continue its operations and meet its business objectives on the basis explained in 8.8.1 and 8.8.2. Following delivery of the maiden JORC resource for the Labyrinth Gold Project during the September quarter and completion of associated invoices during the December quarter, the level of net operating cashflow has reduced significantly whilst the Company conducts internal assessment works of the geological model and accordingly designs its next planned exploration program(s) at its projects.
    As it has done so in the past, the Company will raise cash at appropriate times to meet Labyrinth’s strategic objectives"

    GLTAH

 
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