Lefroy Exploration Faces Cash Outflows Amidst Exploration

Lefroy Exploration Ltd. (AU:LEX) has released an update.

Lefroy Exploration Limited, a mining and exploration entity, reported a net decrease in cash and cash equivalents after a quarter marked by significant investments in exploration and evaluation. The company’s cash flow statement for the quarter ending 31 March 2024 shows outflows from both operating activities and investing activities, partially offset by a substantial net cash inflow from financing activities, primarily through the issuance of equity securities.

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