North Stawell Reports $327k Operating Outflow, $827k Equity Raise in Q4 2025
North Stawell Minerals Ltd reported a solid cash position of AUD 1.6 million at the end of December 2025, supporting just over two quarters of funding as it advances its exploration program. The company plans additional capital raises to sustain operations through 2026.
- Operating cash outflow of AUD 327.7k for the quarter
- Investing cash outflow of AUD 385k focused on exploration
- Net financing inflow of AUD 827.2k mainly from equity issuance
- Cash and equivalents at AUD 1.614 million, covering 2.26 quarters
- Payments to directors totalled AUD 71.77k including superannuation
Quarterly Cash Flow Overview
North Stawell Minerals Ltd (ASX, NSM) has released its quarterly cash flow report for the period ending 31 December 2025, revealing a cautious but stable financial footing as it continues its mineral exploration activities. The company recorded an operating cash outflow of AUD 327,700, reflecting ongoing expenditure in staff, administration, and exploration-related costs.
Investing activities also saw a cash outflow of AUD 385,000, entirely directed towards exploration and evaluation efforts. This level of investment underscores North Stawell’s commitment to advancing its projects despite the inherent uncertainties of the mining exploration sector.
Financing and Liquidity Position
On the financing front, North Stawell raised a net AUD 827,200 primarily through equity issuance, bolstering its cash reserves. This injection of capital has lifted the company’s cash and cash equivalents to AUD 1.614 million by quarter’s end, providing a runway estimated at 2.26 quarters based on current expenditure levels.
The company’s liquidity position is further supported by a modest loan facility of AUD 14,800, fully drawn, related to insurance premium funding. Notably, payments to directors and their associates amounted to AUD 71,770 for the quarter, inclusive of superannuation, reflecting standard governance disclosures.
Outlook and Funding Strategy
Looking ahead, North Stawell anticipates steady expenditure as it progresses through its current exploration program. The company has indicated plans to raise additional funds as needed throughout 2026, aiming to maintain operational momentum and meet its business objectives. This approach suggests a balanced strategy between prudent cash management and proactive capital raising to support exploration ambitions.
While the report does not provide detailed updates on exploration results or timelines, the financial disclosures offer investors a transparent view of the company’s funding status and operational discipline. The ability to sustain activities over the coming quarters will be closely watched, especially in the context of broader market conditions and commodity price dynamics.
Bottom Line?
North Stawell Minerals’ current cash position and planned fundraising efforts set the stage for continued exploration progress, but investors will be watching closely for tangible project milestones and capital management in 2026.
Questions in the middle?
- What specific exploration milestones does North Stawell aim to achieve with current funding?
- How will future capital raises be structured and what dilution might shareholders expect?
- What are the company’s contingency plans if exploration results delay or funding needs increase?
