Ann: Quarterly Activities and Cashflow Report - March 2025, page-2

• Cash Position: As of 31 March 2025, DevEx holds a cash balance of A$7,827,440. This is a decrease from A$9,048,000 in the previous quarter, primarily due to exploration and administrative expenditures. The cash position supports ongoing operations but indicates a need for careful cash management given the burn rate.
• Exploration Expenditure: The company incurred A$909,387 in exploration and evaluation costs during the quarter (year-to-date: A$7,628,827). This significant investment reflects active exploration efforts, particularly at the Nabarlek and Murphy West Uranium Projects, but it also contributes to cash outflows, reducing liquidity.
• Operating Cash Flow: Net cash used in operating activities was A$1,137,000 for the quarter, driven by exploration, staff, and administrative costs. The consistent negative cash flow from operations (A$8,781,000 year-to-date) suggests reliance on existing cash reserves or future funding to sustain activities.
• Funding Availability: The report estimates 6.9 quarters of funding available (A$7,827,000 divided by A$1,137,000 total relevant outgoings), indicating a runway of approximately 1.7 years at the current expenditure rate. This provides a reasonable buffer but assumes no significant increase in spending or unexpected costs.
• No Debt and Financing Facilities: DevEx has no loan facilities or credit arrangements, meaning it is not burdened by debt. However, this also implies limited access to immediate additional funding sources, with future financing potentially reliant on equity issuances or partnerships (e.g., earn-in agreements).