Cygnus Metals (CY5) investor relations material

Executive summary

• Raised A$25 million via share placement at a 5.9% discount to fund resource growth, exploration, and early works at Chibougamau Copper-Gold Project.

• Ended the quarter with A$33.3 million in cash and liquid investments, supporting ongoing exploration and development.

• Drilling at Golden Eye delivered high-grade gold, copper, and silver results, supporting resource model upgrades.

• Focus remains on advancing Chibougamau and leveraging lithium assets in James Bay as market conditions improve.

Financial highlights

• Cash and cash equivalents increased to A$31.9 million at quarter end, up from A$13.4 million at 31 December 2025.

• Net cash from operating activities was an outflow of A$2.1 million for the quarter.

• Net cash used in investing activities totaled A$3.0 million, mainly for exploration and evaluation.

• Net cash from financing activities was A$23.6 million, driven by the share placement.

• Estimated quarters of funding available: 6.09.

Outlook and guidance

• Drilling to continue at new targets, including Joe Mann and Gwillim, with the aim to grow and upgrade resources.

• Updated scoping study/PEA in progress, incorporating new resource estimates and higher metal prices.

• Exploration at James Bay lithium projects will be considered as market interest returns.