Note 2022 $ 2021 $ Cash flows to/from operating activities Payments to suppliers and employees (1,576,244) (1,476,500) Proceeds from sale of shares 8 4,606,706 – Sundry income – 152,000 Interest paid (13,109) (8,838) Interest received 11,117 20,260 Net cash outflow from operating activities 16 3,028,470 (1,313,078) Cash flows to/from investing activities Proceeds from/(payments for) plant and equipment (41,108) 27,338 Exploration and evaluation expenditure (18,680,032) (7,189,594) Net cash acquired with subsidiary 149,051 – Proceeds from sale of subsidiary 8 459,900 4,281,222 Proceeds from sale of shares 8 5,598,495 12,707,682 Net cash used in investing activities (12,513,694) 9,826,648 Cash flows to/from financing activities Proceeds from issue of securities 13(b) 22,440,000 – Costs of share issues 13(b) (1,104,361) – Principal paid on lease liabilities (35,900) (30,122) Net cash provided by financing activities 21,299,739 (30,122) Net cash provided by financing activities Net increase/(decrease) in cash 11,814,515 8,483,449 Effect of exchange rate fluctuations on cash held 11,467 1,442 Cash and cash equivalents at the beginning of the financial year 12,171,240 3,686,349 Cash at the end of the financial year 23,997,222 12,171,240 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 2022 35 Sunstone Metals Limited Annual Report 2022 SUNSTONE METALS LIMITED ANNUAL REPORT 2022
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