Duketon Mining (DKM) Q4 2025 TU earnings summary

Executive summary

• Entered an option agreement to acquire 100% of the Killarney Gold Project, with historic and recent high-grade gold results up to 485g/t Au from rock chip sampling, and previous small-scale mining yielding 20kg of gold from 4 tonnes of material.

• Completed auger geochemical program at Killarney, identifying a 250m long gold anomaly and additional targets for future drilling.

• Barlee Project advanced with soil orientation survey and planning for infill sampling and RC drilling.

• Duketon Project’s Rosie and C2 nickel resources remain robust, with combined JORC-compliant resources totaling 102,527 tonnes of nickel, 14,163 tonnes of copper, and 254,712 oz of PGEs.

• Regional exploration continues with uranium, rare earths, base metals, copper, and gold projects, and new tenement applications.

Financial highlights

• Cash and shareholdings at 30 June 2025 totaled $11.7M, with $9.3M in cash and $2.4M in listed equity investments.

• Net cash used in operating activities for the quarter was $441,000, with exploration and evaluation expenditure of $231,000.

• Payments to related parties during the quarter totaled $115,000.

• Estimated quarters of funding available is 21.1, indicating strong liquidity.

Outlook and guidance

• Focus remains on advancing exploration at Killarney and Barlee, and expanding nickel resources at Rosie and C2.

• Ongoing strategy includes exploration on current tenure, opportunistic acquisition of new tenure, and mining studies for nickel resources.