Scotgold expects to spend A$600,000 (£310,000) in the current quarter, $350,000 of it on administration, while its current cash stands at A$639,409 (£331,300).

It has recourse to A$1million (£518,000) in convertible note finance, according to its quarterly cash flow report. Last week it received planning approval for revised operations at its Cononish goldmine in the Trossachs national park.