Native Mineral Resources Reports $3.2M Operating Cash Outflow, Raises $4.52M Post-Quarter
Native Mineral Resources Holdings Limited reported a $3.2 million net cash outflow from operations in Q1 2025 but strengthened its balance sheet with a $4.52 million capital raising post-quarter.
- Net cash used in operating activities of AUD 3.2 million for Q1 2025
- Investing activities consumed AUD 2.65 million during the quarter
- Financing activities provided a net inflow of AUD 8.03 million
- Loan facility of AUD 19.068 million fully drawn with 10% capitalised interest
- Post-quarter capital raising of AUD 4.52 million supports ongoing operations
Quarterly Cash Flow Overview
Native Mineral Resources Holdings Limited (ASX: NMR) has released its cash flow report for the quarter ending 31 March 2025, revealing a net cash outflow from operating activities of AUD 3.2 million. This outflow reflects ongoing exploration and evaluation expenditures as the company continues to advance its mineral resource projects.
Investing activities also saw a cash outflow of AUD 2.65 million, consistent with the company’s commitment to asset acquisition and exploration plant and equipment investments. These expenditures underscore Native Mineral Resources’ focus on building its asset base despite the challenging capital environment.
Financing and Liquidity Position
On the financing front, Native Mineral Resources secured a net inflow of AUD 8.03 million during the quarter, primarily driven by proceeds from equity issues and borrowings. The company’s loan facility of AUD 19.068 million remains fully drawn, with an interest rate of 10% capitalised for the first 14 months. The loan is secured against purchased assets and is expected to mature in September 2027 unless repaid earlier.
At quarter-end, the company held AUD 2.675 million in cash and cash equivalents, a significant increase from AUD 501,000 at the previous quarter’s close. This improved liquidity position is further bolstered by a post-quarter capital raising of AUD 4.52 million, completed in April 2025, which is expected to support ongoing operational and exploration activities.
Governance and Related Party Payments
Payments to related parties during the quarter amounted to AUD 91,000, covering non-executive director fees and managing director wages, inclusive of superannuation. The company has confirmed that these payments are consistent with prior disclosures and governance standards.
Outlook and Funding Adequacy
Native Mineral Resources anticipates maintaining its current level of operating cash flows and confirms it has sufficient funding to continue operations. The company’s management highlighted that the recent capital raising and existing loan facility provide adequate runway to meet immediate business requirements and support exploration initiatives.
While the company’s cash burn remains notable, the strategic financing activities and capital injections suggest a deliberate approach to balancing growth ambitions with financial sustainability. Investors will be watching closely for upcoming operational updates and exploration results that could validate this investment phase.
Bottom Line?
Native Mineral Resources’ recent capital raise and solid financing position set the stage for its next exploration milestones amid ongoing cash outflows.
Questions in the middle?
- How will Native Mineral Resources prioritise its exploration spending given current cash outflows?
- What are the company’s plans to manage or refinance its loan facility approaching maturity?
- When can investors expect operational updates or resource results that justify the recent capital injections?
