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Northern Minerals Limited (ASX:NTU)

ALERT: Price-sensitive ASX Announcement for NTU
Current share price for NTU : $0.024 -0.002 (-5.88%)+
Announcement
Release
31 Jul 2026 11:29AM
Price at Release
$0.026
Full Release
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Summary
Northern Minerals Limited's June 2026 Quarterly Cash Flow Report indicates significant financial activity. The company reported a net cash outflow from operating and investing activities, emphasizing large investments in term deposits. While cash flow from financing activities was positive, bolstered by equity securities issuance, the company ended the quarter with cash and cash equivalents of $7.819 million. Northern Minerals maintains specific investments not classified as cash equivalents but accessible within short notice, allowing them an estimated 3.73 quarters of funding availability. The report adheres to Australian Accounting Standards.
Key Points
  • Northern Minerals Limited reported a consolidated cash flow for the quarter ending 30 June 2026.
  • The company experienced net cash outflows of $8,998,000 from operating activities and $25,838,000 from investing activities.
  • A significant portion of investing activities was related to investments in term deposits with an original maturity of more than 90 days.
  • The company raised $60,537,000 through the issuance of equity securities, with net cash from financing activities totaling $40,997,000 year to date.
  • Cash and cash equivalents at the end of the period were reported as $7,819,000.
  • Northern Minerals has a system of term deposits that are not classified as cash equivalents but are available within 31 days' notice.
  • The estimated quarters of funding available is calculated at 3.73 quarters.
  • The report complies with Australian Accounting Standards and was authorized by the Board.
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.