Lefroy Exploration Balances Costs with Financing

Lefroy Exploration Ltd. (AU:LEX) has released an update.

Lefroy Exploration Limited reported a decrease in net cash with operating activities costing them $301,000 this quarter and $2,211,000 year to date, alongside investing activities amounting to a loss of $863,000 in the quarter and $2,641,000 over the year. However, financing activities provided a significant boost with a net positive cash flow of $5,758,000 for the year, despite a minor outflow this quarter. Overall, the company’s cash position reflects the costs of exploration and evaluation, balanced by solid financing activities over the past year.

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