CZR Resources (CZR) Q4 2026 TU earnings summary

Executive summary

• Announced recommended takeover offer for Zuleika Gold Limited, with ZAG directors supporting the deal.

• Management changes: Milan Jerkovic appointed Acting CEO, Alex Neuling as Non-executive Director after Stefan Murphy's resignation.

• Remains well funded with $65.1 million in cash and term deposits, and is debt free.

Financial highlights

• Cash and term deposits total $65.1 million as of 30 June 2026.

• Quarterly exploration spend: $1,413k, with $1,002k on Croydon, $228k on Yarrie, $87k each on Yarraloola and Buddadoo, $9k on Shepherd's Well.

• Payments to related parties totaled $162k for the quarter.

• Net cash used in operating activities for the quarter: $(1,643)k.

• Net cash from investing activities: $(114)k; cash and cash equivalents at quarter end: $13.7 million.

Outlook and guidance

• Ongoing drilling and exploration at Croydon, with further results pending and additional programs planned.

• Aircore rig mobilized to test regional Hemi-style targets at Croydon.

• LiDAR survey to commence at Yarraloola to refine iron ore targeting.

• Review and advancement of Buddadoo VTM project and Edamurta base metals prospect ongoing.

• Merger with Zuleika Gold expected to enhance financial strength and operational capabilities.