Savannah Goldfields Limited, an ASX-listed entity focused on the exploration and potential development of gold projects in Australia, has released its Appendix 5B Quarterly Cash Flow Report for the quarter ended 30 September 2026. The report details the company’s financial activities, indicating a cash and cash equivalents balance of $1.228 million at the close of the period. This represents an increase from the $0.928 million reported at the beginning of the quarter.
During the September quarter, Savannah Goldfields reported net cash outflows from operating activities amounting to $1.140 million. Receipts from customers totalled $2.965 million, while significant payments included $3.244 million for production, $270,000 for staff costs, $296,000 for administration and corporate costs, and $289,000 in royalties. Investing activities also saw a net cash outflow of $310,000, primarily attributable to exploration and evaluation expenditures.
The positive movement in the overall cash position was largely driven by financing activities, which generated a net cash inflow of $1.750 million for the quarter. This included $325,000 from the issue of equity securities and additional proceeds of $1.525 million related to convertible note transfers. The company also disclosed total financing facilities of $3.706 million, with $1.706 million drawn at quarter-end, leaving $2.000 million in unused facilities.
These facilities include an unsecured loan from Bizzell Nominees Pty Ltd, providing up to $2 million at 8% interest and repayable by 31 March 2027, of which no funds were drawn during the quarter. Additionally, a secured loan from Norfolk Enchants Pty Ltd has $1.706 million currently due, with an agreed repayment plan in place. Based on its current cash and available funding, Savannah Goldfields Limited has an estimated funding runway of 2.23 quarters, considering its total relevant outgoings of $1.450 million for the period and total available funding of $3.228 million.
