CASHFLOW The June quarter realised the highest operational...

CASHFLOW The June quarter realised the highest operational cashflow for the year of A$49.3m (March quarter A$6.0m). This resulted from increased quarter on quarter nickel sales volume, cash receipt on 1 April for March export revenue of A$10.3m and the benefit of a higher average (pre-payable deduction) nickel price for the second half of the financial year (June quarter A$7.66/lb & March quarter A$8.31/lb). Operating costs continue to be predictable and controlled in line with the plan. A strong free cashflow of $27.6m for the period resulted in A$144.3m cash at bank at quarter end (March quarter A$116.7m). Cash at bank plus nickel sales receivables totalled A$157.1m (March quarter A$149.9m). The significant cashflow items during the quarter included: ▪



Cash at bank plus nickel sales receivables totalled A$157.1m