RE: Kasiya NOT affected by minerals export ban27 Oct 2025 15:14
FINANCIAL POSITION
As at 30 June 2025, the Group had cash and cash equivalents of $54,538,435 (2024: $31,564,130) and no debt (2024: nil). The Group had net assets of $55,387,701 at 30 June 2025 (2024: $34,358,774), an increase of $21,028,927 or approximately 38% compared with the previous year. This is largely attributable to the increase in cash reserves following the additional investment made by Rio Tinto and completion of the placement in the year offset by exploration and evaluation spend on the Project to complete the Pilot Phase and OPFS, and the progression to the DFS.