Duketon Mining (DKM) Q2 2025 TU earnings summary

Executive summary

• Early-stage exploration continued at Barlee, with mapping and rock chip sampling, and ongoing reviews of potential tenement acquisitions.

• Structural reinterpretation of the Bulge Ultramafic Complex completed, improving understanding and generating new nickel sulphide targets.

• Commercial interest remains active, with multiple inbound proposals assessed and field-inspected.

Financial highlights

• Cash and shareholdings at 31 December 2024 totaled $12.1 million, with $9.7 million in cash and $2.4 million in listed equities.

• Exploration and evaluation expenditure for the quarter was $397,000.

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

• Net cash outflow from operating activities for the quarter was $481,000.

• Estimated 19.2 quarters of funding available based on current cash burn.

Outlook and guidance

• Further field programs are planned for the next quarter across regional projects.

• Ongoing strategy focuses on exploration of current tenure, opportunistic acquisition of new tenure, and expansion/study of nickel resources at Rosie and C2.