Delta Lithium (DLI) Q3 2026 TU earnings summary

Executive summary

• Continued high-grade lithium intercepts at Mt Ida, increasing confidence in the resource model and supporting ongoing metallurgical programs.

• Successful testwork produced 99.8% lithium carbonate and 96.8% rubidium carbonate from Mt Ida mica concentrate, confirming battery-grade product potential.

• Yinnetharra exploration program 55% complete, with drilling at Jameson yielding 13m @ 1.96% Li₂O; further assays pending.

• Cash balance at quarter-end was $52M, with additional ASX-listed investments valued at approximately $110M.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $1.816M.

• No substantive mining production or development activities during the quarter.

• Net cash outflow from operating activities was $501K; net cash outflow from investing activities was $1.29M.

• Payments to related parties totaled $172K for the quarter.

Outlook and guidance

• Ongoing optimisation of hydrometallurgical processes to improve lithium and rubidium recoveries.

• Further drilling and exploration at Yinnetharra and Mt Ida, with additional assays and resource updates expected.

• Continued engagement with potential end-users for rubidium and lithium products.