Note 30-June-23 $ 30-June-22 $ Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) (3,036,669) (2,062,397) Exploration and evaluation (88,348) (57,087) Interest paid (1,059) (59) Net cash used in operating activities 29 (3,126,076) (2,119,543) Cash flows from investing activities Payments for property, plant and equipment (21,998) (86,568) Payments for exploration and evaluation (45,858,329) (39,134,910) Interest Received 504,260 – Proceeds from sale of exploration interest – 10,391,856 Proceeds from farm-out arrangement 32,012,319 28,615,542 Proceeds from disposal of investments – 3,478,789 Net cash used in investing activities (13,363,748) 3,264,709 Cash flows from financing activities Proceeds from issue of shares – 24,893,706 Share issue transaction costs – (1,062,866) Proceeds from exercise of options 15,766,348 – Net cash provided by financing activities 15,766,348 23,830,840 Net increase/(decrease) in cash and cash equivalents (723,476) 24,976,006 Cash and cash equivalents at the beginning of the financial year 35,570,347 10,683,656 Effects of exchange rate changes on cash and cash equivalents 129,754 (89,315) Cash and cash equivalents at the end of the financial year 8 34,976,625 35,570,347 The above 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 2023 39 Melbana Energy Limited Annual Report 2023
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