Quarterly Cash Flow The group generated $125,000 from operating activities for the quarter. With a total of $119,000 spent on investing activities, $118,000 of which was on the Speedway Gold Project), $39,000 utilised in the repayment of borrowings, and an exchange difference of $1,000, the net result was a decrease in cash of $32,000 for the period. The cash balance at the end of the quarter was $1,822,000. Related Party Payments Related party payments of $99,000 for the period are comprised of directors’ fees and salaries. Authorisation This announcement is authorised by the Board of Directors. Malcolm Day Managing Director |