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Liontown Resources Limited Reports Negative Cash Flow of $2.65m for the June 2021 Quarter

16 Aug 2021  |  16:03:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: June 2021 Quarterly Activities and Cashflow Report

Liontown Resources Limited reported negative cash flow of $2.65m for quarter ended 30 June 2021. Operating cash flow for the period was $(2.67m). Payments for exploration and evaluation were $(2.06m). Investing cash flow was $(12,000). Financing cash flow was $25,000. Cash in hand at the end of the quarter was $12.54m. During the quarter, work continued on Kathleen Valley Definitive Feasibility Study (DFS), which remains on track for completion in Q4 2021. Work programs conducted during the period identified improvements and enhancements which have the potential to upgrade the financial metrics for the Project.

Consolidated Statement of Cash Flow for the Quarter ended 30 June 2021

Current Quarter $A'000- 30 June 2021 Year to Date $A'000-12 Months
Net Operating Cash Flows (2,666) (8,231)
Net Investing Cash Flows (12) 1,407
Total Operating and Investing Cash Flows (2,678) (6,824)
Net Financing Cash Flows 25 14,111
Net Increase (Decrease) in Cash Held (2,653) 7,287
Cash at Beginning of Quarter/Year to Date 15,198 5,258
Cash at End of Quarter 12,545 12,545
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