Austin Metals
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Austin Metals (AYT) investor relations material

Austin Metals Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary28 Jan, 2026

Executive summary

  • Raised $3 million via share placement to accelerate exploration at the Austin Gold Project and strengthen the balance sheet.

  • Confirmed new Vadrians-style BIF-hosted gold targets at Brunswick Hill, with systematic drilling planned.

  • Appointed Michael Moore as Managing Director, bringing significant mining experience.

  • Completed the sale of the Broken Hill tenement package to Kingfisher Mining Limited.

Financial highlights

  • $416,000 spent on exploration and evaluation activities during the quarter.

  • No mining development or production activities conducted in the quarter.

  • Net cash used in operating activities was $232,000 for the quarter.

  • Net cash used in investing activities was $128,000, including $240,000 proceeds from tenement disposals.

  • Net cash from financing activities was $1.835 million, primarily from the share placement.

  • Cash and cash equivalents at quarter end totaled $2.024 million.

Outlook and guidance

  • Exploration programs in 2026 will focus on geophysical interpretation, mapping, and systematic drilling at Brunswick Hill.

  • Near-term focus on Mt Sandy and Brunswick Hill prospects, with POWs lodged for early 2026 drilling.

  • Ashburton Project to continue target generation, mapping, and geochemical analysis.

Brunswick Hill: Untested BIF drill strategy
Tranche 2 approval: Impact on exploration plans?
Broken Hill divestment: Strategic rationale
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Frequently asked questions

Austin Metals Limited, listed on the ASX under the ticker AYT, is an Australia-based company specializing in the exploration of base and precious metals. The company's primary focus is on the prolific mining districts of Broken Hill, the Cobar Basin, and the Lachlan Fold Belt in New South Wales, Australia. Additionally, Austin Metals Limited is heavily involved in the exploration of the Austin Gold Project, situated in the highly prospective Murchison greenstone province of Western Australia. The company is headquartered in Perth, Western Australia, and its shares are listed on the ASX.

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