Admiralty Resources NL Faces Cash Flow Decrease

Admiralty Resources NL (AU:ADY) has released an update.

Admiralty Resources NL reported a net decrease in cash and cash equivalents for the quarter ending June 30, 2024. The company experienced cash outflows due to staff and administration costs, investment in their Mariposa project, and loan repayments, partially offset by proceeds from equity securities and borrowings. Overall, the company’s financial activities reflect a cautious but active approach to managing its exploration projects and corporate expenses.

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