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Peninsula Energy Navigates $18.9M Lance Project Spend Amid $24.2M Cash Buffer

4:06am on Monday 2nd of June, 2025 AEST Mining
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Peninsula Energy Navigates $18.9M Lance Project Spend Amid $24.2M Cash Buffer

4:06am on Monday 2nd of June, 2025 AEST
Key Points
  • Operating cash outflow of $1.917 million for the quarter
  • Investing cash outflow of $18.893 million primarily on Lance Project development
  • Quarter-end cash and equivalents of $24.193 million
  • Estimated 13 quarters of funding available excluding capital development costs
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