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ioneer Ltd (ASX:INR)

ALERT: Price-sensitive ASX Announcement for INR
Current share price for INR : $0.110 -0.028 (-20%)+
Announcement
Release
29 Jul 2024 9:27AM
Price at Release
$0.138
Full Release
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Summary
Ioneer's quarterly cash flow report for June 2024 revealed no receipts from customers, with staff costs at $776,000, administration and corporate costs at $937,000, and interest received at $161,000. The net cash used in operating activities amounted to a deficit of $1,552,000. Investments in exploration and evaluation reached $6,747,000, while proceeds from equity issues were $25,141,000, leading to a net cash increase, bringing cash and cash equivalents to $35,715,000 by the end of the quarter.
Key Points
  • The report includes Ioneer's quarterly cash flow for June 2024.
  • No receipts from customers were noted for the quarter.
  • Staff costs amounted to $776,000 for the quarter.
  • Administration and corporate costs totaled $937,000 for the quarter.
  • Interest received for the quarter was $161,000.
  • Net cash from operating activities was a deficit of $1,552,000.
  • Investments in exploration & evaluation amounted to $6,747,000 for the quarter.
  • Proceeds from equity issues totaled $25,141,000.
  • The company reported a net increase in cash and cash equivalents to $35,715,000 by the end of the quarter.
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.