Alchemy Resources Limited (ASX:ALY) Releases Quarterly Cash Flow Report
Operating Activities
Alchemy Resources reported a net cash outflow of $15,000 in operating activities for the current quarter, compared to $153,000 over the past six months. Interest received amounted to $27,000 this quarter.
Investing Activities
The company invested $533,000 in exploration and evaluation during the current quarter, leading to a net cash outflow of $533,000 from investing activities.
Financial Position
Cash and cash equivalents decreased to $2,003,000 at the end of the quarter from $2,551,000 at the beginning.
Funding Outlook
Alchemy Resources has funding available for approximately 3.7 quarters based on current cash and outgoings.
Compliance and Authorization
The board authorised the release of the cash flow report, ensuring compliance with ASX Listing Rules.
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