To add detail for the wider forum
From the accounts (only cash for simplicities sake), as of 30th June 2023 they had cash equal to $9.60m (USD)
Raised $8.5m, see RNS on 6th September 2023, indicated as going towards drilling
Raised $7.7m, see RNS on 21st December 2023, indicated as going towards drilling
Raised $5.9m, see RNS on 7th February 2024, indicated as working capital
Total raised - $22.1m
So they’ve had approx $31.7m cash available since 1st July, it appears likely they’ve burned through most if not all that $16.2m in the earlier fund raisings for the drilling/exploration.
From the accounts they’ve averaged spending $3.1m for operating activities the prior two years, safe to assume that’s a reasonable figure for a guess here.
Seems reasonable to guess in the ballpark $9-12m cash left, which leaves it quite tight/not possible without another raise if something like that $10-15m figure holds, especially taking into account operating activities costs (wages and all that) for the year ahead.
Won’t know for certain until the interim results, end of March it appears.