Superior Resources Limited (AU:SPQ) has released an update.
In its quarterly cash flow report for the period ending 30 June 2024, Superior Resources Limited revealed a net decrease in cash and cash equivalents, despite raising funds through equity securities. The company faced significant outflows due to exploration and evaluation costs, which have impacted the overall cash position. Financing activities offered some relief with proceeds from issued equity securities, though this was offset by the operating and investing cash outflows.
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