Hill End Gold was quizzed by the ASX last quarter after having only $A36,000 cash at the end of March.

It was queried again when it reported cash of $54,000 at the end of June.

The company responded by saying it had raised $100,000 in early July and was working on finalising a proposed project sale to LionGold Corp for $2 million by the end of the month.

Brighton Mining Group is in a worse position, reporting cash of just $2000 at June 30, despite raising $221,250 during the quarter.

The Cambodia-focused explorer said it would continue to raise funds through convertible loans and was negotiating a mandate with two “major brokers” for share placements.

In a similar state is Black Ridge Minerals, which reported cash of $9000 at the end of June.

The company flagged cash outflows of $52,000 in the current quarter but said it could draw down on a $56,000 loan.

“The company is currently considering the most suitable method for raising capital and will advise the market in due course,” Black Ridge said in its response.

Black Ridge’s shares have been trading at just 0.1c since April.

Indonesia-focused Paramount Mining Corporation denied it would run out of cash despite having just $13,000 cash.

The company said it expected to collect $258,000 from co-funding partners and was actively exploring other funding options.

Fellow Indonesian explorer Krakatoa Resources was queried after its quarterly showed cash of only $62,000.

Krakatoa said in addition to an undrawn $5 million standby subscription agreement with Gurney Capital Nominees, it was cutting costs and discussing a raising to be finalised before the end of September.

Meanwhile, Platypus Minerals had been seeking to raise $2 million as part of a share consolidation, though the company held $70,000 cash at the end of June.

Platypus said it had reached agreement with a stockbroking firm for a capital raising, with details yet to be finalised.

“We therefore feel that the company’s position is, and will be, secure,” Platypus said.

Mike Fotios’ General Mining Corporation reported just $77,000 cash at the end of the quarter but said it expected to make an announcement on a raising shortly.

The company has more than 11 million listed options expiring at the end of the month, which are exercisable at 10c against its last trading price of 1.2c.

KalNorth Gold Mines also received a query after reporting only $160,000 cash at the end of June.

The company revealed it had received a “tribute mining proposal” to restart its Lindsay’s mine, which was suspended last year due to the drop in the gold price.

KalNorth said it was also in discussions with a major shareholder over a loan.

BDO reported last month that only 58% of 856 listed mining, oil and gas companies had cash to cover two quarters of activities.

About 220 explorers had only enough cash to cover one quarter and 40% of juniors raised cash in the March quarter.