Magnetic Resources NL Reports Cash Flow Challenges

Magnetic Resources NL (AU:MAU) has released an update.

Magnetic Resources NL reported a decrease in cash flow for the quarter ending September 30, 2024, primarily due to significant operating and investment expenses. The company experienced a net cash outflow of $2.9 million from operating activities, while cash inflow from financing activities amounted to $504,000. Despite these challenges, Magnetic Resources NL continues to focus on its exploration and evaluation efforts.

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