InvestSMART

Patronus Resources Limited (ASX:PTN)

ALERT: Price-sensitive ASX Announcement for PTN
Current share price for PTN : $0.043 -0.048 (-52.75%)+
Announcement
Release
22 Oct 2025 8:18AM
Price at Release
$0.091
Full Release
download
Summary
The document is a quarterly cash flow report for Patronus Resources Limited, covering the quarter ending on 30 September 2025. During this period, the company reported significant cash outflows related to exploration and evaluation, amounting to $2,173,000, and staff costs of $673,000. Despite these expenses, the company managed to achieve a positive net cash flow from investing activities of $8,235,000, primarily due to proceeds from the disposal of term deposits and shares. However, financing activities resulted in a small net cash outflow of $23,000. The report concludes with a net increase in cash and cash equivalents, bringing the total to $7,135,000 at the end of the quarter. The company anticipates having sufficient funding for approximately 3.2 quarters given its current cash position. Furthermore, the report was authorized for release by the Board of Directors of Patronus Resources Limited.
Key Points
  • Quarter ending on 30 September 2025.
  • Significant cash outflows for exploration and evaluation: $2,173,000.
  • Staff costs amounted to $673,000.
  • Net cash inflow from investing activities: $8,235,000.
  • Small net cash outflow from financing activities: $23,000.
  • Cash and cash equivalents at end of period: $7,135,000.
  • Estimated funding available for 3.2 quarters.
  • Board of Directors authorized the report's release.
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.