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Bannerman Energy Sinks $14.17M in Quarterly Cash Burn Amid Heavy Exploration Spend
8:16am on Thursday 30th of January, 2025 AEDT
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Mining
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Bannerman Energy Sinks $14.17M in Quarterly Cash Burn Amid Heavy Exploration Spend
8:16am on Thursday 30th of January, 2025 AEDT
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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