Lefroy Exploration's Quarterly Cash Flow Report for the Quarter Ended 30 June 2024

Lefroy Exploration Limited (ASX: $LEX) has reported its quarterly cash flow for the period ending 30 June 2024. The company paid Taurus Funds Management Pty Ltd a total of $36,921 (exc. GST) for office administration and rental costs. Additionally, a portion of the Managing Director's Remuneration related to exploration activities. The company expects to continue with the current level of net operating cash flows and has received a tax refund of $755,000 to support ongoing exploration and corporate costs. Lefroy Exploration is also reviewing funding opportunities to pursue its exploration strategy and objectives in the long-term interests of its shareholders. The company is currently pursuing an appropriate working capital funding strategy for the next 18 months to accelerate exploration on its Lefroy and Lake Johnston projects.

Executive Commentary on Funding and Operations

The company has received a tax refund subsequent to the end of June 2024 quarter, which will provide support for ongoing exploration and corporate costs. In addition to this, we are actively reviewing funding opportunities to ensure the successful pursuit of our exploration strategy and objectives, keeping in mind the long-term interests of our shareholders. Our current focus is on establishing a working capital funding strategy for the next 18 months, with the aim of accelerating exploration activities on our Lefroy and Lake Johnston projects. We are confident in our ability to continue operations and meet our business objectives based on the outlined strategies and the support received.

Summary of Lefroy Exploration's Quarterly Cash Flow Report

Lefroy Exploration Limited has reported its quarterly cash flow, indicating the payment of $36,921 (exc. GST) to Taurus Funds Management Pty Ltd for office administration and rental costs, along with a portion of the Managing Director's Remuneration related to exploration activities. The company expects to maintain the current level of net operating cash flows and has received a tax refund of $755,000 to support ongoing exploration and corporate costs. Lefroy Exploration is actively reviewing funding opportunities to pursue its exploration strategy and objectives in the long-term interests of its shareholders. The company is also pursuing an appropriate working capital funding strategy for the next 18 months to accelerate exploration on its Lefroy and Lake Johnston projects, demonstrating its commitment to its exploration activities and long-term goals.