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Ragnar Metals Limited (ASX:RAG)

ALERT: Price-sensitive ASX Announcement for RAG
Current share price for RAG : $0.012 -0.003 (-20%)+
Announcement
Release
29 Oct 2026 12:54PM
Price at Release
$0.015
Full Release
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Summary
Ragnar Metals Limited (ASX: RAG) lodged an Appendix 5B quarterly cash flow report for the quarter ended 30 September 2026, showing net cash used in operating activities of A$122,000, mainly for administration and corporate costs of A$114,000 and staff costs of A$15,000, offset by A$6,000 in customer receipts and A$1,000 in interest received. Investing activities recorded A$405,000 spent on exploration and evaluation, partly offset by A$382,000 from disposal of investments, resulting in net investing cash outflow of A$23,000, with no financing cash flows during the quarter. Cash and cash equivalents fell from A$233,000 at the start of the quarter to A$87,000 at quarter end after a A$1,000 adverse foreign exchange movement. Related party payments totalled A$15,000 in operating cash flows and A$76,000 in investing cash flows. The company reported no financing facilities and estimated only 0.16 quarters of funding available based on total relevant outgoings of A$527,000, but stated it expects negative operating cash flows to continue as an exploration company, is confident it can raise further funds given its record and satisfactory exploration results, and also has access to a portfolio of highly liquid shares to support ongoing operations and business objectives.
Key Points
  • Appendix 5B quarterly cash flow report for quarter ended 30 September 2026.
  • Ragnar Metals Limited is listed on the ASX under ticker RAG.
  • Net cash used in operating activities was A$122,000.
  • Administration and corporate costs were A$114,000 and staff costs were A$15,000.
  • Exploration and evaluation expenditure was A$405,000.
  • Proceeds from disposal of investments were A$382,000.
  • Net cash used in investing activities was A$23,000.
  • There were no financing cash flows during the quarter.
  • Cash and cash equivalents decreased from A$233,000 to A$87,000.
  • Related party payments were A$15,000 in operating activities and A$76,000 in investing activities.
  • The company had no financing facilities available at quarter end.
  • Estimated funding available was 0.16 quarters.
  • The company said it expects negative operating cash flows to continue as it is an exploration company not generating revenue.
  • The company said it is confident it can raise additional funds and can also access its portfolio of highly liquid shares.
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.