Resolution Minerals (RML) Q4 2026 TU earnings summary

Executive summary

• Achieved major milestones in advancing the Horse Heaven Project, including FAST-41 Transparency Coverage for Antimony Ridge and Golden Gate, and a $20 million institutional placement to accelerate exploration and development.

• Strengthened U.S. strategic positioning by joining the Defense Industrial Base Consortium and progressing a proposed NASDAQ listing.

• Advanced drilling, permitting, and metallurgical test work across Antimony Ridge and Golden Gate, with strong gold, antimony, and tungsten recoveries.

Financial highlights

• Raised A$20 million via institutional placement at a 6.3% premium to 20-day VWAP, enhancing the balance sheet for accelerated project activities.

• Cash and cash equivalents at 30 June 2026 were $10.34 million.

• Quarterly exploration expenditure totaled $2.34 million, primarily for Horse Heaven drilling and technical consultants.

• Net cash used in operating activities for the quarter was $3.17 million; net cash from financing activities was $9.32 million.

Outlook and guidance

• Plans to continue Phase 2 drilling at Golden Gate (up to 13,700m across 45 holes), receive and interpret assay results, and test gold and tungsten extensions.

• Ongoing metallurgical studies for antimony and tungsten, and evaluation of downstream processing at Johnson Creek Mill.

• Continued engagement with U.S. government and strategic stakeholders, and preparations for NASDAQ listing.