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Metal Bank Navigates Tight Cash Flow, Eyes Project Sales to Boost Funding

6:24am on Monday 2nd of June, 2025 AEST Mining
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Metal Bank Navigates Tight Cash Flow, Eyes Project Sales to Boost Funding

6:24am on Monday 2nd of June, 2025 AEST
Key Points
  • Net cash used in operating activities: AUD 171,000 in Q1 2025
  • Investing outflows of AUD 378,000 focused on exploration and evaluation
  • Raised AUD 1.477 million from financing activities during the quarter
  • Cash and cash equivalents fell to AUD 638,000, equating to 1.16 quarters of funding
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