Lefroy Ends Q3 2025 with A$2.73M Cash, Nearly 3 Quarters Runway
Lefroy Exploration Limited reported a steady cash position for Q3 2025, supported by a significant financing advance and ongoing exploration investments.
- Net cash used in operating activities – A$236,000
- Capitalised exploration expenditure – A$684,000
- Financing cash advance of A$1.25 million received
- Closing cash balance of A$2.73 million
- Estimated funding runway of nearly 3 quarters
Quarterly Cash Flow Overview
Lefroy Exploration Limited has released its cash flow report for the quarter ending 30 September 2025, revealing a cautious but stable financial footing. The company recorded a net cash outflow of A$236,000 from operating activities, reflecting ongoing expenditure primarily related to exploration and evaluation efforts. This operational cash burn is typical for a mining exploration entity still in the development phase, where revenue generation remains limited.
Investing Activities and Capitalised Exploration
Investing activities saw a cash outflow of A$684,000, fully attributed to capitalised exploration and evaluation costs. This investment underscores Lefroy's commitment to advancing its mineral exploration projects, which remain central to its growth strategy. The capitalisation of these costs suggests the company is focused on building its asset base rather than immediate production.
Financing Boost and Cash Position
Significantly, Lefroy secured a cash advance of A$1.25 million under a Profit Cash Advance Facility Agreement with BML Ventures Pty Ltd. This financing injection has bolstered the company’s cash reserves, bringing the closing cash and cash equivalents to A$2.73 million. Such a facility provides Lefroy with enhanced liquidity and flexibility to fund its exploration activities without immediate dilution of equity.
Related Party Payments and Governance
The report also details payments to related parties, including non-executive director fees and a portion of the CEO’s remuneration linked to both administrative and exploration activities. These disclosures align with governance transparency standards and provide insight into the company’s cost structure.
Outlook and Funding Runway
With an estimated 2.97 quarters of funding available based on current cash outflows, Lefroy appears positioned to sustain its exploration programs into early 2026 without immediate need for additional capital. However, the company has not provided explicit guidance on future cash flow expectations or plans for further financing beyond the current facility.
Bottom Line?
Lefroy’s recent financing advance strengthens its cash position, but investors will watch closely for updates on exploration progress and funding plans.
Questions in the middle?
- What are Lefroy’s exploration milestones for the coming quarters?
- Will the company seek additional financing beyond the current cash advance?
- How might ongoing operating costs evolve as exploration activities intensify?
