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MetalsGrove Mining Ltd (ASX:MGA)

ALERT: Price-sensitive ASX Announcement for MGA
Current share price for MGA : $0.105 -0.01 (-8.70%)+
Announcement
Release
28 Apr 2026 8:21AM
Price at Release
$0.115
Full Release
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Summary
The Quarterly Appendix 5B Cash Flow Report for MetalsGrove Mining Ltd, ending March 2026, provides a detailed overview of the company's cash flows related to operating, investing, and financing activities. During this quarter, the company reported a net cash outflow of $259,000 from operating activities primarily due to exploration, evaluation, and administrative expenses. Investing activities also saw a net cash outflow of $323,000, mainly from payments for exploration and evaluation. Financing activities resulted in a net outflow of $32,000, despite proceeds from equity securities. The report indicates the company ended the quarter with $2,617,000 in cash and cash equivalents, projecting four quarters of funding available without additional financing. MetalsGrove Mining Ltd adheres to Australian Accounting Standards in their reporting, ensuring transparency and compliance with ASX rules.
Key Points
  • Net cash outflow from operating activities: $259,000
  • Net cash outflow from investing activities: $323,000
  • Net cash outflow from financing activities: $32,000
  • Ending cash and cash equivalents: $2,617,000
  • Projected four quarters of funding available
  • Compliance with Australian Accounting Standards
  • Focused on exploration and evaluation expenditures
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.