Investigator Resources (IVR) H2 2024 earnings summary

Executive summary

• Focused on advancing the Paris Silver Project, with the Definitive Feasibility Study (DFS) nearing completion and release expected in the December 2024 quarter.

• Paris Silver Project remains Australia's highest grade undeveloped primary silver project, with a JORC 2012 Mineral Resource Estimate of 24Mt @ 73g/t silver and 0.41% lead for 57Moz silver and 99kt lead.

• Regional exploration expanded resource potential, with new discoveries at Perseus and Manto prospects and ongoing drilling.

• Diversification through a 25% JV interest in the Molyhil Tungsten-Molybdenum Project, with updated resource estimates and continued government support.

• Sale of non-core Stuart Shelf JV interest and adjacent tenements for $1M cash and future royalties, strengthening cash position.

Financial highlights

• Net loss after tax of $1,982,744 for FY2024, improved from $2,640,976 in FY2023.

• Exploration expenditure increased to $4,638,008 from $4,130,001 year-over-year.

• Impairment charge of $682,857 related to non-core exploration assets.

• Cash at bank as of 30 June 2024 was $4,529,044, stable compared to $4,497,080 in the prior year.

• Equity raised during the year totaled $5.7M, with share issue costs of $710K.

Outlook and guidance

• DFS for Paris Silver Project to be released by December 2024, supporting mining license application and financing decisions.

• Continued focus on expanding Paris resource base and advancing regional exploration.

• Molyhil JV to progress with scoping study and drilling, leveraging renewed Major Project Status and government co-funding.

• Ongoing disciplined cash management and pursuit of value-accretive opportunities.