West African Resources Limited released its quarterly cash flow report detailing financial performance for the three‐month period ended 31 March 2025. The company recorded strong operating cash inflows with total receipts from customers amounting to A$218,576,000 and additional interest receipts of A$2,445,000. After accounting for operating expenses such as A$19,854,000 in income taxes and A$127,591,000 for payments to suppliers and employees, the net cash generated from operating activities reached A$73,016,000. In contrast, cash used in investing activities was significant. Expenditures included A$122,459,000 for property, plant and equipment, along with a small outlay of A$209,000 classified under exploration and evaluation, leading to a net cash outflow of A$122,668,000. Financing activities further contributed to a reduction in cash through interest paid on borrowings of A$8,655,000, lease liability payments of A$1,577,000, and other financing costs totaling A$3,825,000, resulting in a net financing cash outflow of A$14,057,000. The combined impact of these cash flows—operating inflow partially offset by investing and financing outflows—resulted in a decrease in cash and cash equivalents from A$391,670,000 at the beginning of the quarter to A$330,577,000 at the end of the period. A modest positive effect from exchange rate movements added A$2,616,000 to the cash balance. The report also outlines the company’s financing facilities, which include a secured loan facility arranged by Sprott Resource Lending Corp and Coris Bank International SA drawing A$417,133,000, and an additional unsecured equipment finance facility providing an undrawn amount of approximately A$25,633,000 from a mining equipment supplier. The quarterly cash flow report, authorised by CFO and Company Secretary Padraig O’Donoghue, confirms that West African Resources Limited has maintained robust operating cash flows despite higher capital expenditure in investing activities and financing costs. The data have been prepared in compliance with Australian Accounting Standards and relevant Listing Rules, providing an important snapshot for investors and traders who are tracking the company’s financial liquidity and funding capabilities. Bullish sentiment can be drawn from the solid operating cash inflow and the company’s ability to secure a large, diversified base of financing facilities. These factors indicate that West African Resources Limited maintains operational resilience and has access to additional funding resources if needed. On the bearish side, the significant cash outflow associated with investing and financing activities, coupled with the overall reduction in cash and cash equivalents compared to the previous quarter, may raise concerns about the company’s short-term liquidity and strategy for balancing capital investments with available cash reserves.