Resolution Minerals (RML) H2 2024 earnings summary

Executive summary

• Focused on exploration for nickel and gold in Alaska, battery metals in the Northern Territory, and uranium and silica sand in South Australia.

• Acquired the Allegra Nickel Project in Alaska and advanced exploration at Benmara, Carrara Range, George, and 64North projects.

• Sold the Stanton Mineral Resource and Wollogorang Project during the year.

Financial highlights

• Net loss after tax for FY24 was $1,671,868, a significant reduction from $8,823,845 in FY23, mainly due to lower impairment expenses.

• Revenue from interest and other income totaled $207,775.

• Cash and cash equivalents at year-end were $238,747, down from $1,309,038.

• Total assets decreased to $19,977,093 from $22,572,781.

• Total equity declined to $19,412,175 from $22,094,980.

Outlook and guidance

• Continues to focus on battery metals and gold exploration, with plans to assess other complementary projects.

• Ongoing exploration at Allegra, 64North, Benmara, Carrara Range, and George projects, with strategies to farm out or joint venture certain assets.