Battery Minerals Ltd. (AU:WTM) has released an update.
Waratah Minerals Limited has reported a quarterly cash outflow, with a net decrease in cash and cash equivalents after accounting for operating, investing, and financing activities. The company faced significant cash outflows for exploration and evaluation, administration, corporate, and tax costs, while receiving minor inflows from government grants and the disposal of investments. This financial activity reflects the company’s current focus on exploration and the management of its resources in the challenging sector of mining exploration.
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