Northern Minerals Limited (AU:NTU) has released an update.
Northern Minerals Limited reported a challenging quarter with a net cash decrease from operating activities totaling $8.442 million, contributing to a $18.81 million deficit over the past nine months. Despite these setbacks, financing activities provided a boost with a net positive inflow of $23.349 million for the year to date. The financial report highlighted significant payments for exploration, development, staff, and administration costs as the primary cash outflows.
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