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Far Limited (ASX:FAR)

ALERT: Price-sensitive ASX Announcement for FAR
Current share price for FAR : $0.285 -0.115 (-28.75%)+
Announcement
Release
24 Oct 2025 8:26AM
Price at Release
$0.400
Full Release
download
Summary
FAR Limited, in its September 2025 Quarterly Activities Report, highlighted a stable cash position with a balance of US$7.9 million and no significant outflows in exploration or financing activities. The company received a provisional Contingent Payment of US$11.5 million for its former interest in the Sangomar Project, while engaging with Woodside Energy over an indemnity claim. Operating activities used US$294,000 in cash, primarily addressing corporate costs, and payments to related parties totaled US$49,000. The report underscores FAR's strategic focus on managing cash flow and addressing financial obligations.
Key Points
  • FAR Limited reported a cash balance of US$7.9 million at the end of the September 2025 quarter.
  • FAR received a provisional Contingent Payment of US$11.5 million related to its previous interest in the Sangomar Project in Senegal.
  • FAR continues to engage with Woodside Energy regarding a US$6 million claim under a past Sale and Purchase Agreement.
  • The company reported net cash used in operating activities of US$294,000 for the quarter.
  • Aggregate payments to related parties for the quarter amounted to US$49,000, primarily for Non-Executive Directors.
  • FAR reported zero proceeds or outflows from financing activities during the current quarter.
  • There were no exploration expenditures during the quarter, indicating a focus on financial management and strategic investments.
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.