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DevEx Resources Limited (ASX:DEV)

ALERT: Price-sensitive ASX Announcement for DEV
Current share price for DEV : $0.225 -0.02 (-8.16%)+
Announcement
Release
30 Jul 2026 12:41PM
Price at Release
$0.245
Full Release
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Summary
DevEx Resources Limited released its Quarterly Activities and Cashflow Report for the quarter ended 30 June 2026. The report provides a detailed account of the company's financial activities, including cash flows from operating, investing, and financing activities. Key highlights include a net cash outflow from operating activities of $2.4 million due to exploration and evaluation expenditures, a net cash outflow from investing activities of $6.7 million, and net cash inflows from financing activities of $36.4 million primarily from equity securities issuance. The company reported cash and cash equivalents of $36.7 million at the end of the period, with total available funding of $27.2 million, translating to approximately 11.13 quarters of estimated funding available. The company remains focused on its exploration commitments across various projects in Australia.
Key Points
  • Net cash outflow from operating activities was $2.4 million.
  • Net cash outflow from investing activities was $6.7 million.
  • Net cash inflow from financing activities was $36.4 million.
  • Cash and cash equivalents at the end of the quarter were $36.7 million.
  • Total available funding was $27.2 million, equating to 11.13 quarters of funding.
  • Continued focus on exploration commitments in Australia.
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.