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Agrimin Limited (ASX:AMN)

ALERT: Price-sensitive ASX Announcement for AMN
Current share price for AMN : $0.050 -0.055 (-52.38%)+
Announcement
Release
23 Jul 2025 12:07PM
Price at Release
$0.105
Full Release
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Summary
Agrimin Limited (AMN) released its quarterly Appendix 5B cash flow and activities report for the period ending 31 March 2023, focusing on the continued development of the Mackay Potash Project. The company reported cash outflows mainly related to project advancement, corporate costs, and staff expenses, with no significant cash inflows from operations as the project remains in the development stage. Discussions with potential funding and offtake partners progressed during the quarter. The company ended the period with $10.63 million in cash and expects to continue advancing project financing and permitting in the next quarter.
Key Points
  • The document is an Appendix 5B, a quarterly cash flow report and activities report for Agrimin Limited (AMN) for the quarter ended 31 March 2023.
  • During the quarter, Agrimin Limited focused on advancing the Mackay Potash Project, including activities relating to project financing, approvals, and early works.
  • The company made progress in discussions with potential funding partners and offtake parties for the Mackay Potash Project.
  • Cash outflows for the quarter included $2.7 million primarily used for project development, corporate costs, and staff expenses.
  • No production or operational cash inflows were reported in the period; the company remains in the development stage.
  • The company received $23,000 in interest income during the quarter.
  • No new financing, borrowings, or equity raisings occurred in the reported period.
  • Net cash used in operating activities for the quarter was $2.42 million.
  • Total cash held at the end of the quarter was $10.63 million.
  • Payments to related parties and their associates during the quarter totaled $175,000, which were for directors’ fees and consulting fees.
  • The company expects to continue progressing project financing and approvals in the next quarter.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.