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Boa Resources Ltd (ASX:BOA)

ALERT: Price-sensitive ASX Announcement for BOA
Current share price for BOA : $0.105 0.051 (94.44%)+
Announcement
Release
24 Jul 2026 1:58PM
Price at Release
$0.054
Full Release
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Summary
Boa Resources Ltd provided its quarterly cash flow report for the period ending 30 June 2026. The company reported a net decrease in cash of $808,000 for the quarter, driven by higher payments for exploration and evaluation activities, investments, and administration costs. Despite these outflows, Boa Resources raised $3,491,000 through financing activities, leading to a closing cash balance of $2,433,000. The report also highlighted that Boa has sufficient funds to continue operations for approximately six quarters at the current expenditure rate. No significant changes in financing or operational strategy were indicated in the report.
Key Points
  • Net decrease in cash was $808,000 for the quarter.
  • $3,491,000 raised through financing activities.
  • Closing cash balance of $2,433,000.
  • Payments for exploration and evaluation increased.
  • Sufficient funds for approximately six quarters.
  • No significant changes in strategy noted.
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.