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Boa Resources Ltd (ASX:BOA)

ALERT: Price-sensitive ASX Announcement for BOA
Current share price for BOA : $0.061 0.027 (79.41%)+
Announcement
Release
31 Oct 2025 3:29PM
Price at Release
$0.034
Full Release
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Summary
Boa Resources Ltd provided its quarterly cash flow report for the period ending September 30, 2025, detailing financial activities in line with Appendix 5B requirements for mining exploration entities. The report highlighted a net cash outflow from operating activities of $167,000, largely owing to exploration and evaluation costs, while investments also incurred cash outflows. The company did not engage in any new finance activities such as issuing equity or obtaining new borrowings. Current cash reserves decreased to $565,000, indicating limited financial runway without additional funding. Payments to related parties amounted to $52,000, and the company has an estimated 2.70 quarters of cash available, assuming current spending levels persist.
Key Points
  • Boa Resources Ltd reported a net cash outflow from operating activities of $167,000 for the quarter ending September 30, 2025.
  • The company did not generate any proceeds from the issuance of equity securities or borrowings during the quarter.
  • Payments for exploration and evaluation activities amounted to $42,000, while investments accounted for $50,000 in cash outflows.
  • Cash and cash equivalents at the end of the period totaled $565,000, down from $824,000 at the beginning of the quarter.
  • No proceeds from financing activities were recorded, and the company had no unused financing facilities available at the quarter's end.
  • Payments to related parties and their associates totaled $52,000 during the quarter.
  • The estimated number of quarters of funding available, based on current cash flow activities, is approximately 2.70 quarters.
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.