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Savannah Goldfields Faces Cash Flow Pressures Despite $14M Loan Facilities

7:48pm on Friday 31st of January, 2025 AEDT Mining
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Savannah Goldfields Faces Cash Flow Pressures Despite $14M Loan Facilities

7:48pm on Friday 31st of January, 2025 AEDT
Key Points
  • Net operating cash outflow of $955,000 in the December quarter
  • Total loan facilities of $14 million with $5.6 million unused at quarter end
  • Cash and cash equivalents dwindled to just $2,000
  • Significant payments towards exploration and administration costs
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