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Norfolk Metals Limited (ASX:NFL)

ALERT: Price-sensitive ASX Announcement for NFL
Current share price for NFL : $0.110 -0.02 (-15.38%)+
Announcement
Release
30 Jan 2026 11:06AM
Price at Release
$0.130
Full Release
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Summary
Norfolk Metals Limited's quarterly cash flow report reveals the company's financial activities for the quarter ending 31 December 2025. The report shows a net cash decrease of $989,000, resulting in cash and cash equivalents of $2,135,000 at the end of the quarter. The company raised $2 million through a placement to sophisticated investors, aiming to fund ongoing operations and the Carmen Copper Project. Exploration activities reduced after completing Phase #1 drilling, with future operations contingent on the results of further field mapping and sampling. Payments to related parties totaled $94,000, and no dividends were paid. The company remains focused on maintaining cash flow and expects to continue operations with current funding levels.
Key Points
  • Net cash decrease of $989,000 for the quarter
  • Cash and cash equivalents at quarter-end were $2,135,000
  • Raised $2 million from a placement to sophisticated investors
  • Phase #1 drilling completed at Carmen Copper Project
  • Exploration activities reduced for next quarter
  • Payments to related parties amounted to $94,000
  • No dividends were paid
  • Company focused on maintaining cash flow and operations
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.