Agrimin (AMN) Q1 2027 TU earnings summary

Executive summary

• Q1 ended 30 Sep 2026 focused on refining Mount Squires exploration targets ahead of a targeted maiden drilling program in 2027; Mackay Potash rehabilitation and planned portfolio withdrawal continued.

• Quarter-end cash was $678,000, with estimated funding of 1.33 quarters based on reported relevant outgoings; future capital raising initiatives are expected to support operations.

Financial highlights

• Net operating cash outflow was $449,000; investing activities generated $55,000 and financing activities used $11,000 during the quarter.

• Cash and cash equivalents declined from $1.083m at quarter start to $678,000 at quarter end.

• Received a franked $160,000 dividend from Niobium Holdings; interest received was $11,000.

Outlook and guidance

• Targeting completion of the Mount Squires data review in November 2026, followed by details of high-priority targets and planned exploration programs; maiden drilling is targeted for 2027.

• Net cash outflows may vary with residual Mackay rehabilitation costs and the timing and cost of Mount Squires exploration; further capital raising initiatives are planned when appropriate.