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Big spenders and some losers

RESEARCH by Austex Resource Opportunities into 733 resource companies’ cash flow reports for 2021’s fourth quarter shows about 100 companies spent less than $100,000 on exploration, with researchers finding some of those companies were “quite inactive and clearly need new projects, management and direction”.

Karma Barndon
Tracking cash flow

Tracking cash flow

Austex analysed 733 Q4 2021 Appendix 5B reports, representing 89% of the Australian Securities Exchange resources sector, up from 693 on the previous quarter. Exploration spend of $974 million was up...

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