Chilwa Minerals (CHW) investor relations material

Executive summary

• FY26 focused on exploration at the Malawi critical-minerals project; resource growth and niobium and rare-earth results advanced alongside a proposed US IPO and NASDAQ listing. No mining production or operating revenue.

• Mposa resource reached 25.65Mt, with 83% Measured; Mpyupyu grew 114% to 109.6Mt, with 89% Measured and Indicated and 3.61Mt contained heavy minerals.

Financial highlights

• FY26 net loss was $6.882m versus restated FY25 loss of $3.363m; share-based payment expense was $2.851m and expensed US-listing costs were $726,388.

• Cash and cash equivalents were $1.072m at 30 June 2026, up from $687,022; a further $30,000 term deposit was restricted as security for a corporate card facility.

• Exploration and evaluation assets rose to $26.027m from restated $18.599m; net assets were $25.983m versus restated $17.712m.

• Net cash used in operating activities was $3.527m; investing cash outflow was $8.105m, including $7.861m for exploration and evaluation.

• Capital raisings generated $12.608m before transaction costs, comprising $12.153m from placements and $455,416 from option exercises.

Outlook and guidance

• Exploration pace depends on proceeds from the proposed US IPO and further funding; expenditure and operational plans may be adjusted if funding is delayed.

• Maiden scoping study across Measured and Indicated heavy-mineral-sands resources was being progressed for release; laboratory multi-element assays for niobium drilling were to follow.

• SEC registration became effective on 29 September 2026; final NASDAQ approvals remained under review, with IPO completion planned for early October and no proceeds received at report date.

• Luso Global Mining B.V. agreed to provide up to $1.5m, if required, for operations and normal trading liabilities for 12 months from 30 September 2026 or until IPO completion, whichever occurs first.