Highlights

  • Cash at 30 September 2026 was $1.478 million, down from $1.851 million.
  • Exploration and evaluation spending was $272,000 for the quarter.
  • Equity issues raised $200,000, with net financing inflows of $124,000.
  • The estimated funding runway is 2.96 quarters.

Metal Bank Limited (ASX:MBK) has lodged its Appendix 5B quarterly cash flow report for the quarter ended 30 September 2026. The report outlines the exploration company's spending, capital raising and cash position for the period.

Operating Cash Flows

Metal Bank recorded staff costs of $28,000 and administration and corporate costs of $200,000 during the quarter, partly offset by $1,000 in interest received.

The company reported no customer receipts, production or development activity during the period.

Exploration and Financing

Capitalised exploration and evaluation spending was $272,000, making up the company's total investing outflows.

Metal Bank raised $200,000 from equity issues, with transaction costs of $76,000, resulting in net financing inflows of $124,000. The company has no borrowings or unused financing facilities.

Cash Position and Funding Runway

Cash at the end of the quarter was $1.478 million, all held in bank balances, compared with $1.851 million at the start of the period.

Total relevant outgoings for the quarter were $499,000, giving an estimated funding runway of 2.96 quarters. Payments to related parties of $88,000 covered director fees, company secretarial and consultancy fees.

Key Takeaways

  • Metal Bank continued exploration spending of $272,000 during the quarter.
  • A $200,000 equity raise partly offset cash outflows.
  • Cash of $1.478 million provides about three quarters of funding.
  • No debt or unused facilities were reported.