Austin Metals (AYT) H2 2026 earnings summary

Executive summary

• FY2026 focused on advancing the Austin Gold Project in Western Australia through target generation and drilling, while divesting Broken Hill and raising placement funding.

• Net loss was $1.185m, down from $6.718m in FY2025; the 4,215m RC programme at Brunswick Hill and Mt Sandy was completed after year end, with assays pending.

Financial highlights

• Interest revenue was $29,786; the income statement also recorded a $92,000 fair value gain on financial assets.

• Exploration expenditure was $1.39m across FY2026 quarters; $506,887 of exploration expenditure was impaired or written off in the income statement.

• Operating cash outflow was $735,388 and investing cash outflow was $1.082m; year-end cash rose to $2.075m from $1.056m.

Outlook and guidance

• Near-term priorities are evaluating assays from the 21-hole, 4,215m RC programme and refining the next drilling phase based on results.

• Further target work is planned at Teds, Shadow and southern-zone prospects; Ashburton remains a strategic copper-gold exploration opportunity.

• Early-stage exploration makes expected development and operating results difficult to predict; the objective remains establishing resources and identifying further targets.