Reedy Lagoon Corporation Limited (ASX:RLC)

ALERT: Price-sensitive ASX Announcement for RLC

Current share price for RLC : $0.002 -0.003 (-60%)⁺

Announcement

Quarterly Activities/Appendix 5B Cash Flow Report

Release

31 Oct 2025 12:32PM

Price at Release

$0.005

Full Release

Summary

Reedy Lagoon Corporation Limited (RLC) reported its quarterly cash flow for the period ending 30 September 2025, indicating a focus on preparing for drilling at the Burracoppin Gold project and seeking a farm-in partner for the Burracoppin Iron project. The company had cash and deposits totaling $79,861 by the end of the quarter, with a net cash outflow from operating activities of $68,000. Financing activities provided $50,000, primarily through an interest-free subordinated loan from a related party. The estimated funding available is 1.18 quarters. RLC has not made any payments to related parties during this period and continues to explore ways to fund operations, including potential joint ventures.

Key Points

Reedy Lagoon Corporation Limited's quarterly cash flow report for the period ended 30 September 2025.
Preparation for drilling at multiple targets at the Burracoppin Gold project.
Farm-in partner sought for the Burracoppin Iron project.
Cash at the end of the quarter was $79,861.
Net cash used in operating activities was $68,000.
Net cash from financing activities was $50,000.
Estimated quarters of funding available is 1.18 quarters.
No payments were made to related parties during the quarter.
A party related to a director provided a $50,000 interest-free subordinated loan.
Plans for further exploration and seeking joint venture partners.

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.