Lodestar’s FY2021–FY2025 annual-extraction record shows recurring operating cash use, equity/financing dependence and a move into net liabilities by FY2024.
Reading the figures: Units are stated above each table or beside the metric. Brackets denote negative amounts. Supported nil is shown as zero; unlike reporting bases remain separately labelled.
A$25,816 at 30 June 2025.
Reported net operating cash outflow.
Consolidated deficit/equity balance.
Cash-flow line, not P&L exploration expense.
Lodestar stated that it conducts exploration and evaluation. The packet supports analysis of cash, funding, financial position and project activity, not treatment as a revenue-producing miner.
All periods end 30 June. The tables provide a comparable consolidated financial record while preserving the distinction between cash measures, accounting expense and later project activity.
The issuer described acquisitions adding a 20% Nepean Nickel interest, Bulong Gold and a Laverton tenement, while also describing material going-concern uncertainty contingent on further working capital.
The issuer said exploration is assessed by area of interest, may be expensed or capitalised only when criteria are met, and abandoned areas are written off.
The issuer reported A$0.560m before costs as its Nepean completion share and expanded Earaheedy through additional licences and the Tripod transaction.
At 30 June 2024 the issuer reported A$0.167m net liabilities and A$0.192m cash; it described an ATM facility and potential material uncertainty without further equity or loans.
The issuer reported roughly A$4.4m raised across placements, a Darwin/Three Saints option and maiden RC drilling, but A$0.026m cash, a A$0.419m deficit and auditor-highlighted material uncertainty.
Operating cash was negative in every displayed year. Financing inflows supported the cash cycle, but did not prevent the year-end balance tightening sharply after FY2022. The table provides the year-by-year record; this is reported history, not a forecast.
FY2025 financing cash was A$2.196m, including A$2.552m share proceeds, while operating cash use was A$2.587m. The issuer separately reported a A$0.476m working-capital deficit, A$0.419m net liabilities and material going-concern uncertainty; no solvency conclusion is drawn.
A$ million
AI-generated presentation · values from Consolidated cash, funding and exploration cash outflows; no missing values plotted as zero.
A$ million
AI-generated presentation · values from Consolidated cash, funding and exploration cash outflows; no missing values plotted as zero.
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Closing cash and cash equivalents | 0.930 | 1.926 | 0.637 | 0.192 | 0.026 |
| Net cash used in operating activities | (0.629) | (2.640) | (2.127) | (2.611) | (2.587) |
| Payments for exploration and evaluation | (0.290) | (2.134) | (1.127) | (1.880) | (1.450) |
| Net cash from financing activities | 1.711 | 3.525 | 0.441 | 0.622 | 2.196 |
| Net increase / (decrease) in cash | 0.918 | 0.995 | (1.289) | (0.445) | (0.166) |
A$ million; all selected cash-flow records are consolidated dollar rows. Brackets denote an outflow.
Each column uses its own fiscal-year record; comparatives are selected only where their period and consolidated basis are explicit.
Exploration payments are an operating cash-flow line; they are not the same measure as exploration expense in profit or loss.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
The group moved from positive net assets in FY2021–FY2023 to net liabilities in FY2024 and FY2025. The calculated FY2025 current-assets and total-assets cells reconcile the disclosed same-date balances; they are not additional reported lines.
FY2025 current borrowings were A$5,205, current lease liabilities A$3,944 and non-current lease liabilities A$14,009. These components give context but are not a substitute for total current liabilities.
A$ million
AI-generated presentation · values from Consolidated liquidity and net assets/(liabilities); no missing values plotted as zero.
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 1.760 | 3.353 | 4.350 | 0.833 | 0.162 |
| Total liabilities | (0.366) | (0.391) | (1.274) | (1.000) | (0.581) |
| Total current assets | 1.202 | 2.806 | 4.231 | 0.609 | 0.091 |
| Total current liabilities | (0.351) | (0.391) | (1.274) | (0.921) | (0.567) |
| Closing cash | 0.930 | 1.926 | 0.637 | 0.192 | 0.026 |
| Net assets / (net liabilities) | 1.394 | 2.962 | 3.076 | (0.167) | (0.419) |
A$ million. FY2022 and FY2023 use the later FY2023 consolidated comparative statement, which explicitly provides both years. Liability signs are presented consistently as negative; FY2021 positive-source magnitudes are re-expressed and identified as calculations.
FY2024 and FY2025 are reported net-liability (negative equity) positions. FY2025 also states a A$0.476m working-capital deficit.
FY2025 current assets and total assets are disclosed calculations using same-date consolidated balances; their formulae and operands are retained in the evidence file.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Exploration cash payments remained material across the review period. The P&L exploration-expense series differs because the policy allows expensing or capitalisation of qualifying expenditure; the paired table keeps the measures separate.
The FY2025 record describes the Darwin and Three Saints Chile option, 16 RC holes for 2,026m, Earaheedy target work and no significant gold intersections from four Ned’s Creek RC holes. These are project disclosures, not production or revenue evidence.
A$ million
AI-generated presentation · values from Reported loss and exploration: accounting expense versus cash paid; no missing values plotted as zero.
A$ million
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Loss after income tax attributable to owners | (4.356) | (1.972) | (0.308) | (4.615) | (3.179) |
| Exploration expenditure expensed through profit or loss | (0.595) | (1.466) | (2.074) | (2.305) | (1.961) |
| Payments for exploration and evaluation | (0.290) | (2.134) | (1.127) | (1.880) | (1.450) |
A$ million. Loss and exploration expense are profit-or-loss measures; exploration payments are cash-flow measures.
The FY2022 and FY2023 values are consolidated-group losses; similarly labelled parent-entity records are excluded from this series.
The issuer says qualifying exploration expenditure may be capitalised and abandoned areas are written off, so expense is not a complete exploration-investment measure.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FY2025 included a 1-for-20 consolidation, A$0.350m fair-value share consideration for the Chile IOCG project, A$0.100m shares used to settle related-party loan principal and capital-raising costs. These are not all cash proceeds.
The annual record also describes capital raisings after 30 June 2025. They are subsequent events and are not included in the A$25,816 reporting-date cash balance.
A$ million
AI-generated presentation · values from FY2024–FY2025 funding, obligations and exploration commitments; no missing values plotted as zero.
A$ million
| Metric | FY2024 | FY2025 |
|---|---|---|
| Net financing cash inflow | 0.622 | 2.196 |
| Cash proceeds from issue of shares | 0.825 | 2.552 |
| Total current liabilities | (0.921) | (0.567) |
| Exploration commitments: less than one year | 0.410 | 0.149 |
A$ million. FY2024 commitment uses the FY2025 comparative record and is a future commitment, not amount paid.
Share proceeds are one financing component; net financing cash includes other funding and repayment movements and must not be added to share proceeds.
FY2025 current borrowings were A$0.005m, current leases A$0.004m and non-current leases A$0.014m; current liabilities are broader than borrowings.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
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