Stavely Minerals Reports Significant Cash Outflow in Latest Quarter
Closing price · 2026-10-23: $0.012 · -7.69%
Stavely Minerals Limited reported a net cash outflow from operating activities of over one million for the quarter ending September 2026, primarily due to exploration and evaluation expenses. The company's cash reserves decreased to approximately two million, down from over three million at the start of the quarter. Stavely plans to reduce exploration expenditure and corporate costs in the next quarter to manage its cash flow more effectively.