Q2 Cash Flow: Great Western Exploration Spends A$987K on Exploration
Great Western Exploration Limited reported a steady cash position of A$2.7 million at the end of June 2025, maintaining sufficient funding for upcoming quarters despite ongoing exploration expenditures.
- Net cash used in operating activities – A$23,000
- Investing activities outflow primarily from exploration, A$987,000
- No borrowings or financing facilities drawn during the quarter
- Cash and cash equivalents at quarter end, A$2.7 million
- Estimated funding runway – 2.67 quarters based on current cash and outgoings
Quarterly Cash Flow Overview
Great Western Exploration Limited has released its quarterly cash flow report for the period ending 30 June 2025, revealing a cautious but stable financial footing. The company recorded a modest net cash outflow of A$23,000 from operating activities, reflecting ongoing costs associated with its exploration and evaluation efforts.
Investing activities accounted for a more significant cash outflow of A$987,000, largely driven by capitalised exploration and evaluation expenditures. This level of investment underscores the company’s commitment to advancing its mineral exploration projects, despite the inherent uncertainties in the sector.
Liquidity and Funding Position
At the close of the quarter, Great Western Exploration reported cash and cash equivalents totaling A$2.7 million. Notably, the company has no borrowings or financing facilities drawn, indicating a clean balance sheet free from debt obligations at this stage.
Based on current cash reserves and expenditure levels, the company estimates it has approximately 2.67 quarters of funding available. This runway provides a buffer to continue exploration activities without immediate pressure to raise additional capital, although the relatively short duration highlights the importance of prudent cash management.
Related Party Payments and Corporate Governance
The report discloses payments totaling A$51,000 to related parties, specifically salary and superannuation payments to Managing Director Shane Pike. Transparency in these transactions aligns with good corporate governance practices and provides investors with clarity on executive remuneration.
Looking Ahead
While the report does not detail plans for future capital raising or specific exploration outcomes, the current financial snapshot suggests Great Western Exploration is navigating the typical challenges of a junior mining explorer with measured discipline. Investors will be watching closely for updates on project progress and any strategic moves to extend the company’s funding horizon.
Bottom Line?
Great Western Exploration’s solid cash position offers a runway for continued exploration, but upcoming quarters will test its ability to sustain momentum without fresh capital.
Questions in the middle?
- Will Great Western Exploration seek new funding to extend its operational runway beyond 2.67 quarters?
- What are the near-term milestones or results expected from current exploration projects?
- How might the sale of the Yandal West Gold Project to Albion Resources impact future cash flows and strategy?
