Wow, $2.3m cash burn with not much happening during the quarter. I am watching REE explorers putting km's of drilling down plus met testwork and getting by in $1-1.5m a quarter consistently. Cash burn here is high, and unfortunately with 0.84 quarters of funding remaining another CR must be around the corner. Hang in there holders.
Any ideas what the $1.2m this q may have been for on exploration/evaluation spend given they didn't do any drilling that I am aware off? Cloncurry is paid by the Nippon JV.
Ann: Quarterly Activities Report and Appendix 5B, page-2
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