Kingston Resources Ltd. (AU:KSN) has released an update.
Kingston Resources Ltd. reports a challenging quarter ending September 2024, with a net cash outflow of $818,000 from operating activities and significant investments totaling over $5 million, primarily in property and mine development. Despite these expenditures, they secured $5 million in borrowings, resulting in a net positive cash flow from financing activities. The company’s financial maneuvers indicate a strategic focus on development and expansion in the mining sector.
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