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WA1 Resources (WA1) investor relations material
WA1 Resources Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Infill and extension drilling at the Luni Niobium Project returned high-grade intersections, supporting resource confidence and potential expansion beyond the current Mineral Resource Estimate (MRE) envelope.
All data inputs for an updated MRE have been received, with the update expected in the June quarter to inform project development and permitting.
Site activities resumed in January 2026 after a pause, focusing on development studies, permitting, and community engagement initiatives.
Financial highlights
Cash balance at 31 March 2026 was approximately $131 million.
Quarterly expenses totaled $5.67 million for exploration and evaluation, and $2.05 million for development activities.
Payments to related parties and associates for the quarter were $356,000.
Net cash outflow from investing activities for the quarter was $7.72 million.
Estimated quarters of funding available is 26.84, indicating strong liquidity.
Outlook and guidance
Updated MRE for Luni expected in the June quarter, targeting increased confidence in high-grade zones.
Drilling to recommence in coming weeks, focusing on metallurgical, resource definition, and geotechnical workstreams.
- Luni niobium discovery drives resource growth, robust funding, and technical milestones.WA1
H2 202426 Mar 2026 - A world-class niobium discovery is advancing to diversify supply and meet critical mineral demand.WA1
Diggers & Dealers Mining Conference2 Feb 2026 - Luni Niobium Project delivered high-grade results, strong cash reserves, and secured Major Project Status.WA1
Q2 2026 TU27 Jan 2026 - Major niobium project advances with strong resources, funding, and market demand.WA1
Diggers & Dealers Mining Forum 202523 Nov 2025 - Luni advances as a Tier-1 niobium project with strong cash reserves and successful testwork.WA1
Q1 2026 TU30 Oct 2025 - Luni resource upgraded 10% to 220 Mt at 1.0% Nb2O5; $72.8M cash supports ongoing exploration.WA1
Q4 2025 TU27 Jul 2025 - Luni's 200 Mt niobium resource positions it as a globally significant, high-grade critical mineral project.WA1
Corporate Presentation4 Jul 2025 - High-grade niobium discovery in Western Australia advances with robust testwork and market demand.WA1
Investor Presentation4 Jul 2025 - Strong financials and strategic progress position the Luni niobium project for accelerated development.WA1
AGM 20244 Jul 2025
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