Austin Metals (AYT) Q4 2026 earnings summary

Executive summary

• Completed Northern Zone targeting program at Austin Gold Project, integrating mapping, drone imagery, magnetics, and geochemistry to define multiple drill-ready gold targets across 12km of BIF outcrop.

• Initiated and completed a 4,216m RC drilling program (21 holes) at Brunswick Hill and Mt Sandy, with assay results pending.

• Strengthened technical and corporate team with appointments of a new Exploration Manager and Non-Executive Director.

Financial highlights

• Exploration expenditure for the quarter totaled $339,000.

• Payments to related parties during the quarter were $69,000, covering director fees and consulting services.

• Net cash used in operating activities was $236,000 for the quarter.

• Net cash used in investing activities was $332,000 for the quarter.

• Raised $3,040,000 from equity issuance, with $224,000 in related transaction costs.

• Cash and cash equivalents at quarter end were $2,055,000.

Outlook and guidance

• Ongoing systematic target generation and refinement across the project area.

• Prioritization of targets using geological, structural, and geochemical datasets, with further mapping and sampling planned.

• Assessment of copper-gold and epithermal potential at Ashburton Project to continue.

• Estimated 3.62 quarters of funding available at current expenditure rates.