Investigator Silver (IVR) Q4 2026 TU earnings summary

Executive summary

• Transitioned from study to execution phase for the Paris Silver Project, advancing permitting, engineering, and project delivery workstreams.

• Strengthened executive and technical teams with key appointments in finance, project development, engineering, and operations.

• Completed a two-tranche institutional placement, significantly boosting the cash position to support development activities.

Financial highlights

• Strong cash position of $58.8 million at 30 June 2026, up from $50.9 million in the previous quarter.

• Raised $63 million from equity issues over the past 12 months, with $11.3 million raised in the current quarter.

• Invested $2.8 million in exploration and evaluation activities during the quarter.

• Net cash outflow from operating activities was $105,000 for the quarter.

• Estimated 21.45 quarters of funding available at current expenditure rates.

Outlook and guidance

• Plans to lodge the Mining Lease Application and progress the Native Title Mining Agreement in the next quarter.

• Focus on advancing mine planning, front-end engineering design, and execution readiness.

• Targeted infill and near-pit drilling to increase geological confidence and support financing due diligence.

• Continued district-scale exploration to identify future resource growth opportunities.

• Advancing multiple workstreams to support project financing readiness.