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Magnetic Resources NL Boosts Cash Reserves with $9.4M Financing Inflow

8:19am on Tuesday 14th of January, 2025 AEDT Mining
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Magnetic Resources NL Boosts Cash Reserves with $9.4M Financing Inflow

8:19am on Tuesday 14th of January, 2025 AEDT
Key Points
  • Net cash used in operating activities: $4.39 million
  • Net cash from financing activities: $9.41 million
  • Ending cash balance increased to $11.6 million
  • Exploration and evaluation expenditure steady at $3.5 million
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