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Skylark Minerals Limited (ASX:SKM)

ALERT: Price-sensitive ASX Announcement for SKM
Current share price for SKM : $0.285 0.015 (5.56%)+
Announcement
Release
28 Apr 2026 9:30AM
Price at Release
$0.270
Full Release
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Summary
Skylark Minerals Limited reported its quarterly cash flow for the period ending 31 March 2026. The company recorded a net cash outflow from operating activities of $647,000 for the quarter and $1,928,000 for the nine months to date. There were no receipts from customers, and significant cash outflows were noted in staff costs and administration. In investing activities, the company spent $1,139,000 on exploration and evaluation, contributing to a total net cash outflow of $7,669,000 for the nine months. Financing activities brought in $6,427,000, largely from equity securities issuance, resulting in an increase in the period-end cash balance to $7,531,000. Payments to related parties, including directors’ fees, totaled $149,000 for the quarter. The company estimates it has 4.2 quarters of funding available based on current cash flows and cash reserves.
Key Points
  • Net cash outflow from operating activities was $647,000 for the quarter.
  • No receipts from customers were recorded.
  • Significant cash outflows in staff and administration costs.
  • Investing activities saw a $1,139,000 outflow for exploration.
  • Net cash outflow from investing activities for the nine months was $7,669,000.
  • Financing activities raised $6,427,000 primarily through equity issuance.
  • Cash balance at end of the period increased to $7,531,000.
  • Payments to related parties for the quarter were $149,000.
  • Estimated 4.2 quarters of funding available.
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.