Saturn Metals (STN) Q3 2026 TU earnings summary

Executive summary

• Advanced the Apollo Hill Gold Project with the commencement of the Definitive Feasibility Study (DFS), targeting completion in CY2026.

• Appointed Ausenco, a global engineering firm, to deliver the DFS, leveraging their heap leach expertise.

• Significant new high-grade gold intercepts discovered in the Titan Zone, expanding the resource potential.

• Ongoing drilling and exploration activities, including a 750km² ground gravity survey, to support future resource growth.

Financial highlights

• Cash position at quarter end was $50.2 million.

• Net cash used in operating activities for the quarter was $827,000; net cash used in investing activities was $7.4 million.

• No new borrowings or financing facilities drawn during the quarter.

• Estimated quarters of funding available: 6.14, based on current cash and outgoings.

Outlook and guidance

• DFS for Apollo Hill targeted for delivery in CY2026, with a Mineral Resource update planned for mid-CY2026.

• Ongoing drilling and exploration to continue, including completion of the gravity survey and further drilling campaigns.

• Metallurgical and environmental studies ongoing, with results expected in the next quarter.