Duketon Mining (DKM) Q3 2026 TU earnings summary

Executive summary

• Initiated first-ever drilling at Barlee Gold Project, targeting six high-priority gold-in-soil anomalies with 4,000m aircore and 1,500m RC drilling; initial holes intersected sheared mafic and felsic lithologies.

• Completed 800m RC drill program at Boodanoo Gold Project; samples submitted for assay.

• Maintained active exploration at Duketon Nickel Project, with significant JORC-compliant resources at Rosie and C2 deposits.

• Cash and shareholdings at 31 March 2026 totaled $10.8M, including $8.8M cash and $2.0M in listed equities.

• Board changes: Richard Bevan appointed as non-executive director, succeeding Heath Hellewell.

Financial highlights

• Net cash outflow from operating activities for the quarter was $390,000; year-to-date outflow was $1.89M.

• Cash and cash equivalents at quarter-end were $8.77M, with an additional $2.02M in listed equity investments.

• Exploration and evaluation expenditure for the quarter was $305,000.

• Payments to related parties during the quarter totaled $109,000.

• Estimated quarters of funding available at current burn rate: 22.5.

Outlook and guidance

• Well positioned to drive value through ongoing exploration, acquisition of new tenure, and expansion of nickel resources.

• Awaiting assay results from Boodanoo and further data from Barlee aeromagnetic survey to refine exploration targets.