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Bannerman Energy Sinks $14.17M in Quarterly Cash Burn Amid Heavy Exploration Spend
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Bannerman Energy Sinks $14.17M in Quarterly Cash Burn Amid Heavy Exploration Spend
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Net cash used in operating activities of $14.17 million for the quarter
Exploration and evaluation expenses total $13.88 million
Cash balance remains strong at $81.1 million at quarter-end
No proceeds from equity or debt financing during the quarter
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BANNERMAN ENERGY (ASX:BMN)
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