Ragusa Minerals Faces Cash Flow Decline

Ragusa Minerals Ltd (AU:RAS) has released an update.

Ragusa Minerals Limited reported a challenging quarter with a net decrease in cash and cash equivalents, reflecting cash outflows from operating activities amounting to $60,000 and from investing activities totaling $22,000. The mining exploration entity saw significant cash spent on exploration and evaluation, staff, and administration costs, leading to an overall cash reduction for the quarter ending 31 March 2024.

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