Overview of Torque Metals' Quarterly Cash Flow Report

Torque Metals Limited (ASX: $TOR) has issued a correction to its Quarterly Cash Flow Report for the period ended 31 March 2024. The report initially referenced a 6-month period for the year-to-date header, which has been rectified to reflect the accurate 9-month period to 31 March 2024. The updated Appendix 5B has been provided to address this error.

Executive Commentary on Cash Flow Report

The Company constantly monitors its cash requirements and has assessed that, should it arise that additional funding is needed within the next two quarters, it has capacity to address that requirement under LR 7.1. The Company will rely on its existing cash resources and any future capital raising efforts to continue its operations. Historically, the Company has been able to raise funds when required, and believes it is able to raise any future short-term funds, if required. Yes. Based on answers provided in item 8.8.1 and 8.8.2, the Company believes it will have sufficient cash to fund its existing operations.

Summary of Quarterly Cash Flow Report and Outlook

Torque Metals Limited (ASX: $TOR) has rectified an error in its Quarterly Cash Flow Report for the period ended 31 March 2024, ensuring the accurate representation of the year-to-date cash expenditures for the 9-month period. The Company has affirmed its ability to address any potential additional funding requirements within the next two quarters and expressed confidence in its capacity to fund existing operations. Torque Metals remains focused on leveraging its existing cash resources and potential future capital raising efforts to sustain its operations, indicating a positive outlook for its financial stability and operational continuity.