Cosmos Exploration (EAU) Q4 2025 TU earnings summary

Executive summary

• Maintained strategic focus on lithium brine technology testing in Bolivia through exclusive option to acquire EAU Lithium Pty Ltd, in partnership with Bolivia's YLB.

• Progressed workstreams under EAU's agreement with YLB, including initial synthetic brine testwork at Vulcan Energy's German laboratory.

• Testing on natural brine samples from Salar de Coipasa and Salar de Pastos Grandes is underway, with final results pending formal review.

• Project aims to validate Vulcan Energy's VULSORB® Adsorption-Type Direct Lithium Extraction (A-DLE) technology for high-magnesium Bolivian brines.

• Success could enable negotiations for industrialisation agreements with Bolivian stakeholders, supporting large-scale, sustainable lithium production.

Financial highlights

• $90,000 spent on exploration and evaluation, $280,000 on administration and corporate costs for the quarter.

• $250,000 inflow from equity securities issued to directors as approved by shareholders.

• Cash held at 30 June 2025 was $678,000.

• Net cash used in operating activities for the quarter was $369,000.

• Estimated quarters of funding available: 1.84.

Outlook and guidance

• EAU Lithium to continue testwork on natural brine samples; final results to be released after completion and review.

• Company expects similar cash flows for the next quarter and is in discussions with financiers and shareholders for potential funding.

• Confirms ability to continue operations and meet business objectives based on current funding and ongoing financing discussions.