Nagambie Resources Limited (AU:NAG) has released an update.
Nagambie Resources Limited has reported a challenging quarter, with net cash used in operating activities amounting to $213,000 and a year-to-date deficit of $1,579,000. This financial period saw the company also invest $24,000 in exploration and evaluation, while financing activities led to a net decrease in cash of $50,000 for the quarter. Despite these expenditures, the company’s cash and cash equivalents saw a net decrease from the beginning of the year, reflecting the ongoing costs associated with its mining and exploration operations.
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