Jindalee Resources Limited (AU:JLL) has released an update.
Jindalee Lithium Limited reported a decrease in cash and cash equivalents after the quarter ended June 30, 2024, due to significant investments in exploration and evaluation, and administration and corporate costs, despite some proceeds from the disposal of investments. The company’s net cash used in operating activities was $542,000 for the quarter, while cash flows from investing activities resulted in a net use of $654,000. However, financing activities provided a boost with a net inflow of $3,967,000 for the 12-month period.
For further insights into AU:JLL stock, check out TipRanks’ Stock Analysis page.
