Duketon Mining (DKM) Q1 2025 TU earnings summary

Executive summary

• Early-stage exploration continued at Barlee, Doris Uranium/REE, and other regional projects, with high titanium values identified at Barlee and new tenement applications expanding the landholding to over 700 sq.km.

• Sale of Fisher South tenement completed for 1,000,000 ORD shares and a 1% NSR royalty.

• Ongoing commercial interest and review of external proposals, with field programs planned for the next quarter.

Financial highlights

• Cash and shareholdings at 30 September 2024 totaled $12.8 million, including $10.2 million in cash and $2.6 million in listed equities.

• Net cash outflow from operating activities for the quarter was $428,000, with $340,000 spent on exploration and evaluation.

• Payments to related parties during the quarter totaled $104,000.

Outlook and guidance

• Well-funded with an estimated 23.8 quarters of available funding at current expenditure rates.

• Focus remains on advancing exploration, expanding nickel resources, and opportunistic acquisition of new tenure.