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.
(20min delay)