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Peninsula Energy Navigates $32M Cash Outflow Amid Lance Project Ramp-Up
10:47am on Friday 31st of January, 2025 AEDT
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Peninsula Energy Navigates $32M Cash Outflow Amid Lance Project Ramp-Up
10:47am on Friday 31st of January, 2025 AEDT
Key Points
Net cash used in operating activities: $864,000 for the quarter
Investing cash outflow of $32 million primarily for Lance Project development
Cash reserves at quarter-end stand at $44.9 million
Company anticipates increased operating expenses as production ramps up
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Peninsula Energy (ASX:PEN)
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