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Ark Mines Limited (ASX:AHK)

ALERT: Price-sensitive ASX Announcement for AHK
Current share price for AHK : $0.240 -0.395 (-62.20%)+
Announcement
Release
29 Oct 2025 11:38AM
Price at Release
$0.635
Full Release
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Summary
Ark Mines Limited's Quarterly Appendix 5B Cash Flow Report for the period ending September 30, 2025, indicates significant cash outflows primarily for exploration and evaluation activities, with total operating expenses amounting to $723,000. The company's cash balance decreased to $558,000 by the end of the quarter. Some funds were raised through new share issues and the company anticipates additional funding from a royalty sale. Despite limited cash reserves, Ark Mines Ltd remains optimistic about its ability to sustain operations and achieve its business goals.
Key Points
  • Ark Mines Ltd reported a current quarter cash flow ending September 30, 2025.
  • The main cash outflow was for exploration and evaluation, totaling $411,000.
  • Administration and corporate costs amounted to $326,000.
  • Net cash used in operating activities was $723,000.
  • No significant cash flows from investing or financing activities were recorded.
  • Cash at the end of the period was $558,000, down from $1,301,000 at the beginning of the quarter.
  • Payments to related parties of $165,000 were noted.
  • Ark Mines Ltd raised $500,000 by issuing shares and expects further funds from a royalty sale.
  • The company is confident in continuing operations and meeting business objectives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.