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Auking Mining Faces Cash Crunch, Pushes for Fresh Funding to Advance Projects
5:23pm on Tuesday 28th of January, 2025 AEDT
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Mining
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Auking Mining Faces Cash Crunch, Pushes for Fresh Funding to Advance Projects
5:23pm on Tuesday 28th of January, 2025 AEDT
Key Points
Net operating cash outflow of $353,000 for the quarter
Cash reserves dwindled to $34,000 at quarter end
Completed partial placement of rights issue entitlement shortfall
Board approved placement of 60 million shares to strategic investor
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AuKing Mining (ASX:AKN)
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