Yari Minerals (YAR) H2 2024 earnings summary

Executive summary

• Faced a significant decline in lithium prices, impacting market capitalization and sentiment, but maintains confidence in long-term lithium demand fundamentals.

• Focused on low-cost exploration at Pilbara Lithium Projects, with encouraging soil geochemical results at Camel Creek and Ant Hill; further sampling planned for Q2 2025.

• Resolved arbitration with Impact Silver regarding the Plomosas Zinc-Lead Mine, with no admission of liability and each party bearing its own costs.

Financial highlights

• Recorded a net loss after tax of $1.151 million for 2024, an improvement from a $1.463 million loss in 2023.

• Loss per share was 0.24 cents, compared to 0.30 cents in the prior year.

• Cash on hand increased to $1.799 million as of 31 December 2024, up from $0.909 million a year earlier.

• Net cash outflows from operating activities were $1.907 million; $2.784 million was raised from the sale of Impact Silver shares.

• Total equity decreased to $2.139 million, primarily due to the net loss for the year.

Outlook and guidance

• Primary focus remains on lithium exploration in Western Australia and maintaining exposure to the Plomosas project via a 12% net profit royalty and Impact Silver shareholding.

• Further exploration at Pilbara Projects planned, with follow-up soil sampling and ground inspections scheduled for 2025.