Corazon’s Q3 Cash Outflows Total A$385K Amid Exploration Spend

Quarterly Cash Flow Overview

Corazon Mining Limited’s latest quarterly cash flow report for the period ending 30 September 2025 reveals a tightening liquidity position amid ongoing exploration efforts. The company recorded net cash outflows of A$347,000 from operating activities, reflecting continued expenditure on staff and administration costs, alongside exploration and evaluation expenses.

Investing activities further drained cash by A$36,000, primarily related to exploration and evaluation payments. Financing activities contributed a small net outflow of A$2,000, indicating limited external funding during the quarter itself.

Liquidity and Funding Status

By the end of the quarter, Corazon’s cash and cash equivalents stood at A$262,000, down sharply from A$649,000 at the start. This left the company with estimated funding to cover just 0.68 quarters of its current expenditure rate, a figure that typically signals a need for urgent capital injection to maintain operations.

In response, Corazon completed a capital raising of approximately A$2 million (net of costs) in October 2025. This fresh injection of funds is intended to underpin the company’s ongoing exploration activities and provide a buffer against near-term liquidity pressures.

Operational Outlook and Strategic Considerations

The company’s board has expressed confidence in continuing operations, with plans to adjust exploration expenditure in line with available funding. This cautious approach suggests a balancing act between advancing exploration projects and preserving cash reserves.

While the capital raise alleviates immediate funding concerns, the relatively high cash burn rate underscores the importance of efficient capital management and potential future fundraising efforts. Investors will be watching closely for updates on exploration progress and any further financial maneuvers.