InvestSMART

Mantle Minerals Limited (ASX:MTL)

ALERT: Price-sensitive ASX Announcement for MTL
Current share price for MTL : $0.001 0 (0%)+
Announcement
Release
22 Jul 2026 8:16AM
Price at Release
$0.001
Full Release
download
Summary
Mantle Minerals Limited reported a net cash outflow from operating activities of AU$113,000 and a significant net inflow of AU$13,498,000 from investing activities primarily due to proceeds from the disposal of entities. Financing activities reported a net outflow of AU$6,903,000, leading to an ending cash balance of AU$5,498,000. The company secured a binding agreement to acquire Far West Metals Ltd, expanding its Carlton Hill Project. Exploration activities continued at the Carlton Hill and Yule River projects, with no substantive mining production activities reported. The company estimates it has sufficient funding for approximately 48.7 quarters based on current cash reserves.
Key Points
  • Net cash used in operating activities: (AU$113,000)
  • Net cash from investing activities: AU$13,498,000
  • Net cash used in financing activities: (AU$6,903,000)
  • Cash and cash equivalents at end of period: AU$5,498,000
  • Binding agreement to acquire Far West Metals Ltd
  • Exploration activity at Carlton Hill and Yule River projects
  • No substantive mining production and development activities
  • Estimated 48.7 quarters of funding available
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.