Eastern Resources Limited Faces Cash Flow Challenges

Eastern Resources Limited (AU:EFE) has released an update.

Eastern Resources Limited reported a modest net cash increase from operating activities at $115,000 for the current quarter, despite facing challenges with a significant outflow of $657,000 in investing activities, primarily due to capitalized exploration and evaluation costs. The company’s consolidated cash flow statement indicates no cash flow from financing activities, with a net decrease in cash and cash equivalents due to the substantial investments in exploration.

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