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True North Copper Faces Cash Flow Challenges Amid Voluntary Administration Costs
6:12pm on Sunday 1st of June, 2025 AEST
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Mining
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True North Copper Faces Cash Flow Challenges Amid Voluntary Administration Costs
6:12pm on Sunday 1st of June, 2025 AEST
Key Points
Negative operating cash flow of $7.23 million for the quarter
Cash balance of $19.12 million at quarter-end
High administration costs related to voluntary administration and Deed of Company Arrangement
Exploration and evaluation payments totaling $1.55 million
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True North Copper (ASX:TNC)
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