Ragusa Minerals Faces Cash Outflow Amidst Exploration Efforts

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

Ragusa Minerals Ltd reports a net cash outflow of $157,000 for the quarter ending September 2024, primarily due to operational and investment activities. The company’s cash reserves stood at $440,000 at the start of the quarter, highlighting a cautious financial position without any new financing activities. Investors may find interest in the company’s focus on managing expenditures amidst ongoing exploration efforts.

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