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Tolu Minerals (TOK) investor relations material

Tolu Minerals Q3 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 TU earnings summary30 Oct, 2025

Executive summary

  • CEO transition announced, with Dr. Chris Muller appointed as CEO and Managing Director effective 10 November 2025, bringing recognized exploration expertise.

  • Strategic realignment underway to focus on restarting Tolukuma Gold Mine (TGM), advancing exploration, and developing new resource areas.

  • Significant interest generated from institutional investors following corporate development presentations at major mining conferences.

Financial highlights

  • Raised AUD $60.5 million via issuance of approximately 50.4 million shares at $1.20 per share, finalized on 16 October 2025.

  • Exploration and evaluation expenditure for the quarter totaled $8.49 million, including roadway construction.

  • Net cash used in operating activities for the quarter was $2.56 million; net cash used in investing activities was $8.93 million.

  • Cash and cash equivalents at quarter end were $10.02 million, down from $21.56 million in the previous quarter.

  • $203,000 paid to related parties during the quarter for executive and director compensation.

Outlook and guidance

  • Production recommencement at TGM targeted for the second half of 2026, aiming for 500 tonnes per day.

  • 30,000-metre drilling program set to launch in 2026, with new rigs and crews being mobilized.

  • Company expects to continue meeting business objectives and operations, supported by recent capital raise.

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Frequently asked questions

Tolu Minerals Limited is an Australia-based mineral exploration company focused on the acquisition and development of gold and other precious metal projects. The company primarily explores high-potential mineral assets, conducting geological surveys, drilling programs, and resource assessments to identify and develop mining opportunities. The company is headquartered in Australia, and its shares are listed on the Australian Securities Exchange (ASX).

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