SKYLARK MINERALS LIMITED, a mining exploration entity focused on identifying and developing mineral resources, has released its Appendix 5B quarterly cash flow report for the period ending 30 September 2026. The report details significant cash outflows, resulting in the company’s cash and cash equivalents reducing to $2.265 million at the close of the quarter, down from $4.853 million at the start. Net cash used in operating activities for the quarter amounted to $756,000.
The primary driver of cash usage was investing activities, predominantly exploration and evaluation expenditure, which totalled $1.832 million for the three-month period. Operational expenses also contributed to the outflows, with staff costs at $318,000 and administration and corporate costs at $325,000. Additionally, due diligence costs reached $116,000. The company also disclosed aggregate payments of $177,000 to related parties and their associates, covering Directors’ Fees and payments to the Managing Director under respective service agreements.
With total relevant outgoings (operating and exploration) of $2.588 million, Skylark Minerals’ estimated funding available stands at approximately 0.9 quarters. Despite this short-term outlook, the company expressed confidence in its ongoing operations. It expects to maintain the current level of exploration activities at its highly successful Zaranou project throughout 2027. To address the funding requirements, trading in the company’s securities was halted on 29 October 2026, pending an announcement regarding a proposed strategic investment and capital raising, which the Board is confident will be successfully concluded given positive exploration results and strong shareholder support.
