Leo Lithium Ltd. (AU:LLL) has released an update.
Leo Lithium Ltd. has reported a net cash outflow of A$1,525,000 for operating activities and a minor outflow for property, plant, and equipment in the March 2024 quarter. However, the company received a substantial net refund of A$36.2 million from the Goulamina JV for prior exploration and development costs, leading to a significant net cash inflow from investing activities. The financial movements resulted in an overall increase in cash and cash equivalents, reflecting a positive financial position for the quarter.
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