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Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.099 0.019 (23.75%)+
Announcement
Release
29 Jul 2026 8:19AM
Price at Release
$0.080
Full Release
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Summary
Corazon Mining Limited, in its quarterly cash flow report for the period ending 30 June 2026, outlined a net cash outflow of $435,000 from operating activities, driven by exploration, staff, and administrative costs. The company incurred a $978,000 outflow in investing activities primarily for tenements and exploration expenses. The financing activities resulted in a net cash inflow of $3,533,000 due to proceeds from equity issues. Following a successful capital raising, the company maintains a cash balance of $1,453,000, which is expected to meet the funding needs for its planned exploration and corporate activities.
Key Points
  • Corazon Mining Limited reported its consolidated cash flow for the quarter ending 30 June 2026.
  • The company had a net cash outflow of $435,000 from operating activities for the quarter.
  • Exploration and evaluation expenses amounted to $50,000 with staff costs at $151,000 and administration costs at $286,000.
  • Investing activities led to a cash outflow of $978,000 mainly due to payments for tenements and exploration.
  • Financing activities contributed a net cash inflow of $3,533,000, largely driven by proceeds from equity securities.
  • The end-of-quarter cash balance was $1,453,000.
  • The company completed a capital raising which provides sufficient funding for planned exploration and corporate overheads.
  • Corazon Mining Limited expects to continue its operations and meet its business objectives following the capital raising.
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.