Duketon Mining (DKM) Q4 2024 TU earnings summary

Executive summary

• Continued exploration and field reconnaissance on 100% owned regional projects, including Stephens Base Metals, Doris Uranium and REE, and Barlee Lithium and Gold projects.

• Ongoing review of potential tenement acquisitions and planning of future field programs.

• Rehabilitation activities commenced at the Tate Project; Fisher South tenement sold for 1,000,000 shares post quarter end.

• Cash and shareholdings at 30 June 2024 totaled $12.3 million.

Financial highlights

• Cash and cash equivalents at quarter end were $10.6 million, with an additional $1.7 million in listed equity investments.

• Net cash used in operating activities for the quarter was $274,000, primarily for exploration and evaluation ($207,000), staff costs ($119,000), and administration ($80,000).

• Interest income for the quarter was $132,000.

• Payments to related parties during the quarter totaled $103,000.

Outlook and guidance

• Planning further field programs on regional tenements for the next quarter.

• Ongoing review of development options for Rosie and C2 resources.

• Strategy focused on exploration of current tenure, acquisition of new tenure, and expansion of nickel resources.