Metals Australia (ASX: $MLS) Quarterly Activities Report highlights

Metals Australia Limited (ASX: $MLS) has released its Quarterly Activities Report for the Quarter ended 30 June 2024. The report reveals the appointment of Tanya Newby as the Company CFO and Joint Company Secretary, along with a cash balance of $17.35 million at the end of the Quarter, following net outflows of $510k.

Executive Commentary

Tanya Newby's appointment as CFO and Joint Company Secretary reflects the increased commercial and financial demands on the Company as it rapidly advances its portfolio of high-quality critical and precious minerals on their exploration and development pathways. The Company's cash balance, exploration efforts, and strategic agreements position us well for the future.

Summary of Quarterly Activities Report

Metals Australia's Quarterly Activities Report showcases significant progress in its Canadian and Australian projects. The Company's cash balance of $17.35 million, along with the appointment of Tanya Newby as CFO and Joint Company Secretary, underlines its commitment to strategic growth. The report outlines the development of critical and strategic minerals, including graphite, lithium, gold, and copper projects, positioning the Company for future success. With a focus on exploration, development, and strategic partnerships, Metals Australia is well-positioned to capitalize on the growing demand for critical minerals and metals.