Boadicea Resources Navigates Cash Flow Challenges

Boadicea Resources Ltd. (AU:BOA) has released an update.

Boadicea Resources Ltd. reports a challenging quarter, ending March 2024, with net cash outflows from operating and investing activities totaling $509,000 and $821,000 respectively, despite raising $1,943,000 through financing activities. The company’s cash flow statement indicates significant investments in exploration and evaluation alongside costs of finance, while managing to generate some income through the disposal of assets and equity financing.

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