Cash:
At Bank: $3M
CR proceeds: $5M
SPP proceeds: $628k
EIS Grant: $180k
R&D claims: $0.4M + $2.0M = $2.4M
Total available for exploration: $11.2M
Cash to last them for the 2024 year, and beyond.
Plus First Quantum paying for everything to do with the Mangaroon Nickel JV (drilling shortly, then going hard(er) early/first thing in the new year; 2 rigs, EM & IP crews).
Last quarter had a big spend due to big resource and metallurgy work (hopefully that will shortly come back to us as the resource upgrade, studies, and then shopping the REE's around gets us a favourable deal).
Cheers,
GB.
Cash: At Bank: $3M CR proceeds: $5M SPP proceeds: $628k EIS...
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $58.41M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $115.9K | 10.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 13007487 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 866232 | 4 |
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| Last trade - 14.58pm 28/07/2025 (20 minute delay) ? |
| DRE (ASX) Chart |