Kalamazoo Resources Ltd. (AU:KZR) has released an update.
Kalamazoo Resources Limited reported a quarterly cash outflow from operating activities of $566,000, leading to a year-to-date deficit of $1.326 million, amidst exploration and evaluation expenditures. However, the company experienced a net cash inflow from investing activities of $2.589 million for the quarter, primarily due to a $3 million option fee received for the potential sale of a mining property. Financing activities resulted in a modest outflow of $149,000 for the quarter, with the company maintaining a net positive cash flow overall for the period.
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