Stavely Minerals Limited (ASX: SVY) has released its quarterly cash flow report for the period ending March 31, 2025, revealing a significant decrease in its cash reserves. The company’s cash and cash equivalents at the end of the quarter stood at $1.73 million, a notable drop from the $2.673 million reported at the beginning of the period. This decline reflects ongoing operating activities, investing activities, and limited financing activities.
The company’s net cash used in operating activities amounted to $662,000 for the quarter and $3.32 million year-to-date. Receipts from customers contributed $18,000, while payments for exploration and evaluation totaled $609,000. Staff costs related to exploration and evaluation were $160,000, and administration and corporate costs reached $172,000. Offsetting these expenses were government grants and tax incentives totaling $212,000 and other income (mainly GST refunds and fuel tax credits) of $173,000.
Investing activities further impacted the company’s cash position, with payments for property, plant, and equipment totaling $226,000 and cash secured for credit cards amounting to $30,000, resulting in a net cash outflow of $256,000. Financing activities provided a modest offset, with a net cash inflow of $25,000, primarily due to payment of lease liabilities.
Looking ahead, Stavely Minerals estimates it has approximately 2.61 quarters of funding available. The company reported total relevant outgoings of $662,000 and total available funding of $1.73 million. The report also notes $221,000 was paid to related parties. Stavely Minerals will likely need to secure additional financing to sustain its exploration and evaluation programs beyond this timeframe.
