Resolution Minerals (RML) Q3 2025 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q3 2025 TU earnings summary
12 Jun, 2026Executive summary
Acquired three new projects: Drake East Antimony-Gold (NSW), Neardie Antimony (QLD), and Spur South Gold-Copper (NSW) for $70k cash and 25 million shares.
Continued review of exploration tenure and assessment of potential divestments and acquisitions.
LiDAR study at Drake East identified 791 mine workings, exceeding expectations and highlighting new mineral occurrences.
Financial highlights
Cash at bank at 31 March 2025 was $998k.
Raised $1.55 million via share placement during the quarter.
Net cash used in operating activities for the quarter was $594k; $730k for the nine months.
Net cash from financing activities was $1.4 million for the quarter.
Estimated quarters of funding available is 1.6, with plans for further capital raising.
Outlook and guidance
Plans to follow up on high-priority areas at Drake East in the upcoming quarters.
Intends to raise additional funds through a placement facility, with a shareholder meeting scheduled for 14 May 2025.
Will reduce corporate spend and activities if fundraising is insufficient.
Latest events from Resolution Minerals
- FAST-41 status, $20M placement, and strong recoveries drive U.S. critical minerals strategy.RML
Q4 2026 TU - Net loss reduced to $1.67M, but going concern risk remains amid ongoing exploration and low cash.RML
H2 2024 - Strong project potential identified; $239k cash supports 2.5 quarters of operations.RML
Q4 2024 TU - Cash runway under two quarters; fundraising planned to support ongoing exploration.RML
Q1 2025 TU - Quarter-end cash of $229k and recent capital raise provide 2.7 quarters of funding.RML
Q2 2025 TU - Net loss surged to $3.93M on asset impairment, with going concern dependent on new funding.RML
H1 2025 - Horse Heaven acquisition and U.S. expansion drive critical minerals growth, funding secured.RML
Q4 2025 TU - $22.4 million net loss driven by impairments; focus shifts to critical minerals amid going concern risk.RML
H2 2025 - Horse Heaven advances as a major U.S. critical minerals project with robust funding and exploration success.RML
Q1 2026 TU