Coziron Resources Limited & Controlled Entities
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The Group has incurred a net loss after tax for the year ended 30 June 2019 of $1,669,516 (2018: $1,883,576) and experienced net cash outflows from operating activities of $1,237,713 (2018: $1,752,026). At 30 June 2019, the Group had current assets of $128,298 (30 June 2018: $250,804), and a working capital deficiency of $2,802,209 (30 June 2018: $1,134,948).
Mitigation Strategies
- The ability of the Group to continue as a going concern is dependent on securing additional funding through debt or equity issues or partial sale of its mineral properties as and when the need to raise working capital arises, to continue to fund its operational activities.