Note 30-June-24 $ 30-June-23 $ Cash flows from operating activities Payments to suppliers and employees (inclusive of GST) (3,670,961) (3,036,669) Exploration and evaluation – (88,348) Interest paid – (1,059) Net cash used in operating activities 29 (3,670,961) (3,126,076) Cash flows from investing activities Payments for property, plant and equipment (7,150) (21,998) Payments for exploration and evaluation (65,925,888) (45,858,329) Interest Received 634,631 504,260 Proceeds from Joint Operations 46,632,398 32,012,319 Net cash used in investing activities (18,666,009) (13,363,748) Cash flows from financing activities Proceeds from exercise of options – 15,766,348 Net cash provided by financing activities – 15,766,348 Net decrease in cash and cash equivalents (22,336,970) (723,476) Cash and cash equivalents at the beginning of the financial year 34,976,625 35,570,347 Effects of exchange rate changes on cash and cash equivalents (316,765) 129,754 Cash and cash equivalents at the end of the financial year 8 12,322,890 34,976,625 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 2024 41 Melbana Energy Limited Annual Report 2024
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