Ardea Resources (ARL) Q4 2025 TU earnings summary

Executive summary

• Completed $4.6M placement with Sumitomo Metal Mining at a premium to market price, strengthening cash position to $14.6M with no debt as of 30 June 2025.

• Received $1.2M R&D Tax Incentive Rebate for FY2024 and Consortium partners earned 17.5% in KNPL after 50% DFS budget spend.

• DFS for Kalgoorlie Nickel Project – Goongarrie Hub advanced, with significant drilling, process design, and environmental studies completed.

• Zero lost time injuries recorded, with strong ESG and community engagement initiatives ongoing.

Financial highlights

• Cash on hand at quarter end was $14.6M, with no debt and $49M in committed Consortium funding remaining.

• Net operating expenditure for the quarter was $16.9M, including $17.2M on exploration and evaluation, $794k on staff, and $413k on admin.

• Received $4.6M from placement, $1.2M R&D rebate, $15M from Consortium for DFS, and $160k in interest.

• Issued capital: 210.4M shares, 3.5M performance rights, 3M options.

Outlook and guidance

• DFS process testwork, process design, hydrogeological investigations, and NPI design to continue.

• Ongoing resource model updates, mine schedule optimization, and approvals workstreams.

• Continued collaboration with Consortium on funding strategy and stakeholder engagement.