Lunnon Metals quarterly financial update

Lunnon Metals (ASX:LM8) has published its quarterly cash flow report for the period ending 30 September 2024. The report highlights the company's financial operations over the past three months, detailing operating, investing, and financing cash flows.

Lunnon Metals financial summary and outlook

Lunnon Metals' quarterly report for the period ending 30 September 2024 reveals various financial activities. The company had no customer receipts and reported net cash used in operating activities of $874,000. Investing activities resulted in a net cash outflow of $80,000. Financing activities were positive, with net cash inflows of $74,000, boosted by $85,000 from the exercise of options. Lunnon Metals' cash position remains strong, starting the quarter with $22,012,000 and ending with $21,132,000. This provides them with approximately 22 quarters of funding based on current cash outflow rates. The company has no existing loan facilities or credit standby arrangements, indicating a stable financial standing. Payments to directors and associates totaled $141,000, covering their salaries and superannuation. Lunnon Metals continues to demonstrate effective cash management, ensuring their operations are securely funded.

Executive insights on financial results

The statement complies with the relevant accounting standards and was authorized by the Board.