InvestSMART

Corazon Mining Limited (ASX:CZN)

ALERT: Price-sensitive ASX Announcement for CZN
Current share price for CZN : $0.080 -0.085 (-51.52%)+
Announcement
Release
29 Oct 2025 12:52PM
Price at Release
$0.165
Full Release
download
Summary
Corazon Mining Limited released its Quarterly Appendix 5B Cash Flow Report for the quarter ended 30 September 2025. The report details consolidated cash flows, highlighting that the company used $347,000 in operating activities and $36,000 in investing activities, resulting in a net decrease in cash and cash equivalents of $385,000 for the period. The report also mentions that the company completed a capital raising of $2 million in October 2025 to support its operations. The cash and cash equivalents at the end of the period stood at $262,000. The report emphasizes the company's commitment to maintaining its level of exploration activities aligned with available funding.
Key Points
  • Corazon Mining Limited's cash flows from operating activities resulted in a net outflow of $347,000 for the quarter.
  • The company reported $36,000 used in investing activities, mainly for exploration and evaluation.
  • Net cash decrease for the period was reported at $385,000.
  • Cash and cash equivalents at the beginning of the quarter were $649,000, ending at $262,000.
  • A capital raising of $2 million was completed in October 2025 to fund future operations.
  • The company expects to continue exploration activities at current levels commensurate with available funds.
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.