Agrimin (AMN) Q2 2026 TU earnings summary

Executive summary

• Strategic review of the Mackay Potash Project concluded, resulting in the decision to withdraw and commence surrendering related tenements due to unfavorable market conditions and high holding costs.

• Continued evaluation of exploration opportunities in the West Arunta region and other areas across Australia, with geophysical survey data expected in the next quarter.

• Ongoing stakeholder engagement and community involvement, including updates and rehabilitation activities with local Aboriginal corporations.

Financial highlights

• Cash balance at 31 December 2025 was $2.3 million, including a $0.3 million R&D tax refund received in December.

• Quarterly expenditure on exploration and evaluation activities totaled $110,000, mainly for tenement rents and rates.

• Net cash used in operating activities for the quarter was $49,000; net cash used in investing activities was $32,000.

• Payments to related parties for the quarter totaled $120,000.

Outlook and guidance

• Aeromagnetic and radiometric survey datasets for West Arunta expected to be available in the March 2026 quarter, potentially enhancing exploration planning.

• Further rehabilitation of the Mackay Potash Project area planned for 2026, with local community involvement.