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Stavely Minerals Limited (ASX:SVY)

ALERT: Price-sensitive ASX Announcement for SVY
Current share price for SVY : $0.017 0.005 (41.67%)+
Announcement
Release
29 Apr 2026 12:16PM
Price at Release
$0.012
Full Release
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Summary
Stavely Minerals Limited reported its quarterly cash flow for the period ending March 31, 2026. The company recorded a net cash outflow from operating activities of $438,000 for the current quarter, contributing to a nine-month total outflow of $2,915,000. Cash from investing activities was minimal with a net inflow of $30,000, primarily from released cash bonds. Financing activities provided a net cash inflow of $175,000 this quarter and $1,955,000 year-to-date, with proceeds from borrowings being a significant contributor. The company had cash and cash equivalents of $238,000 at the end of the quarter, down from $471,000 at the start. Stavely Minerals holds a $500,000 loan facility with $200,000 currently drawn and plans to raise $4 million through a two-tranche placement announced on April 13, 2026 to support ongoing operations. The report outlines that the company expects to manage its operational cash flows and meet business objectives based on this planned capital raise.
Key Points
  • Net cash outflow from operating activities: $438,000 current quarter, $2,915,000 year-to-date.
  • Minimal net cash inflow from investing activities: $30,000.
  • Net cash inflow from financing activities: $175,000 current quarter, $1,955,000 year-to-date.
  • Ending cash balance: $238,000.
  • Loan facility of $500,000 with $200,000 drawn.
  • Plan to raise $4 million through a two-tranche placement announced on April 13, 2026.
  • Company expects to continue operations and meet objectives post-funding.
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.