Ironbark Zinc Ltd (AU:IBG) has released an update.
Ironbark Zinc Limited reported a decrease in cash and cash equivalents, with a net outflow from operating activities amounting to $237,000 for the quarter and $860,000 year to date. Investment in exploration and evaluation led to an additional cash outflow of $44,000 this quarter, while financing activities provided a net inflow of $554,000 over the nine months. The company’s financial position shows a focus on exploration with significant expenses reported in staff and administrative costs.
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