CORPORATE DIRECTORY SHAREHOLDER INFORMATION CONTENTS FINANCIAL STATEMENTS YEAR IN REVIEW DIRECTORS’ REPORT Note 2024 $’000 2023 $’000 Cash flows from operating activities Payments to suppliers and employees (3,379) (2,808) Interest received 1,076 583 Bank fees and finance charges (2) (1) Net cash used in operating activities 10 (2,305) (2,226) Cash flows from investing activities Investment in financial assets (2,433) – Investment in joint venture (7,500) (33,771) Payments for exploration and evaluation expenditure (2,260) (1,534) Net cash used in investing activities (12,193) (35,305) Cash flows from financing activities Proceeds from issue of shares – 22,685 Payments for share issue costs (31) (970) Net cash from/(used in) financing activities (31) 21,715 Net decrease in cash and cash equivalents (14,529) (15,816) Cash and cash equivalents at the beginning of the year 24,407 40,223 Cash and cash equivalents at the end of the year 10 9,878 24,407 The consolidated statement of cash flows should be read in conjunction with the accompanying notes Consolidated Statement of Cash Flows for the year ended 30 June 2024 43 Sheffield Resources Limited Annual Report 2024
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