Classic Minerals (CLZ) Q3 2025 earnings summary

Executive summary

• Completed sale of Kat Gap tenements to Bain Global Resources for A$7.0 million, with proceeds used to retire debt and fund exploration at Lady Ada and Lady Magdalene.

• Shareholder approval for the sale was granted on 7 March 2025.

Financial highlights

• Cash inflows for the quarter totaled A$8.46 million, mainly from Kat Gap tenement sale (A$7.7 million), equity (A$0.1 million), and borrowings (A$0.66 million).

• Cash outflows for the quarter were A$8.41 million, with major uses: debt repayment (A$4.51 million), exploration (A$1.36 million), staff (A$0.44 million), admin (A$0.64 million), and interest (A$1.2 million).

• Net cash from operating activities was negative A$3.64 million for the quarter.

• Cash and cash equivalents at quarter end were A$54,000.

Outlook and guidance

• Estimated quarters of funding available is 5.13, based on current cash and undrawn facilities.

• No new information or data materially affects previously reported mineral resource estimates.