ioneer Limited (AU:INR) has released an update.
ioneer Ltd reported a net decrease in cash and cash equivalents for the March 2024 quarter, with significant investments in exploration and evaluation activities amounting to $8,859,000. Despite this outflow, financing activities provided a boost with $1,169,000 generated, primarily through borrowings. Operational activities contributed to a cash usage of $1,403,000, driven by staff and administration costs.
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