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Bannerman Energy Ltd (ASX:BMN)

ALERT: Price-sensitive ASX Announcement for BMN
Current share price for BMN : $3.140 -0.16 (-4.85%)+
Announcement
Release
27 Jul 2026 9:01AM
Price at Release
$3.300
Full Release
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Summary
Bannerman Energy Ltd's Appendix 5B Quarterly Cash Flow Report for the quarter ended 30 June 2026 reveals a strong cash position with $53.125 million in cash and equivalents, despite substantial exploration and evaluation expenses of $8.220 million. The report details investing activities with a net outflow of $18.582 million, primarily in property, plant, and equipment, while financing activities led to a modest outflow of $154,000. Operating cash flow remained positive at $1.693 million, ensuring coverage for approximately 8.1 quarters of operations, with no unused financing facilities available. Related party payments totaled $320,000.
Key Points
  • Bannerman Energy Ltd's Appendix 5B Quarterly Cash Flow Report for the quarter ended 30 June 2026.
  • Net cash from operating activities was $1.693 million, despite significant expenditures in staff and administrative costs.
  • The company spent $8.220 million on exploration and evaluation activities.
  • Investing activities resulted in a net cash outflow of $18.582 million, primarily due to expenditures on property, plant, equipment, and exploration.
  • Financing activities showed a net cash outflow of $154,000 due to the repayment of borrowings.
  • Cash and cash equivalents at the end of the period amounted to $53.125 million.
  • The report indicates estimated cash availability for future operations to cover approximately 8.1 quarters based on current expenditure and cash levels.
  • The report highlights no unused financing facilities at the quarter end.
  • Payments to related parties amounted to $320,000 during the quarter.
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.