Kingston Resources Limited (ASX:KSN) Releases December 2024 Quarterly Cash Flow Report
Operational Highlights
Kingston Resources Limited reported a net cash inflow from operating activities of $6.431 million for the December 2024 quarter. Total cash and cash equivalents at the end of the period reached $9.893 million, an increase from $6.644 million at the start of the quarter.
Investing and Financing Activities
The company recorded net cash outflows of $8.033 million from investing activities, primarily related to development costs at the Pearse open pit mine. Financing activities generated a net cash inflow of $4.846 million, largely from equity security issues.
Cash Position and Future Outlook
Kingston Resources has estimated its available funding at $9.893 million for future operational activities. This includes a focus on exploration and development in line with its strategic objectives.
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