Tombador Iron Ltd. (AU:TI1) has released an update.
Tombador Iron Limited, a mining exploration entity, reported a minor net cash outflow from operating activities amounting to $10,000 for the current quarter, with a larger outflow of $673,000 for the six months year to date. However, the company experienced a positive cash flow from investing activities, bringing in $503,000 for the quarter and $2,676,000 for the half-year period. These figures contributed to the company’s net increase in cash and cash equivalents, starting from $8,617,000 at the beginning of the period to $10,431,000 by the end of the current quarter.
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