Xantippe Resources Limited (AU:XTC) has released an update.
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XTC Lithium Ltd reported a net cash decrease from operating activities totaling $1,090,000 this quarter and a year-to-date deficit of $3,999,000, with significant outflows for administration, staff, and exploration costs. However, cash flows from financing activities, primarily through equity securities and borrowings, provided an influx of $4,701,000 over six months, offsetting the operational cash burn. The company closed the quarter with a net increase in cash and cash equivalents, despite operational and investment cash outflows.
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