Great Southern Copper (GSCU) H2 2026 earnings summary

Executive summary

• Advanced exploration at the Especularita Project in Chile, focusing on high-grade copper-silver at Mostaza and district-scale porphyry copper-gold systems.

• Relinquished San Lorenzo and Monti Lithium projects to concentrate resources on Especularita.

• Raised £2.5 million through a placing, the largest since listing, strengthening the cash position.

• Maintained active multi-rig drilling and expanded ground position over key targets.

Financial highlights

• Loss for the year: £2.51 million, improved from £4.19 million in the prior year.

• No impairment charge in 2026; prior year included £2.23 million impairment.

• Cash at bank as of 31 March 2026: £1.17 million.

• Net assets increased to £4.55 million from £2.63 million year-over-year.

• Share capital increased to £7.16 million after new issues.

Outlook and guidance

• Priority is to define a resource at Mostaza with further drilling planned.

• Continued exploration of porphyry copper-gold targets across Especularita.

• Well positioned for future growth despite challenging funding environment.