KGL Resources (KGL) Q4 2025 TU earnings summary

Executive summary

• Drilling operations were paused in 2025 to focus on advanced 3D geophysical modelling and Jervois project delivery, with new deep-rooted anomalies identified indicating a larger mineral system than previously understood.

• Strategic exploration using joint inversion modelling has confirmed new high-priority targets and increased confidence in existing anomalies, supporting incremental near-mine growth and district-wide discovery.

• The Jervois Project is fully permitted and construction-ready, with experienced partners appointed to advance project execution and funding discussions underway with positive interest from potential partners.

• Favourable commodity market conditions, with copper, silver, and gold prices at multi-year highs, enhance project value and financing prospects.

Financial highlights

• Cash and cash equivalents at 30 June 2025 were $5.265 million.

• A non-renounceable pro-rata Entitlement Offer raised $4.2 million before costs, closing in April 2025.

• Net cash used in operating activities for the quarter was $(340)k; net cash used in investing activities was $(923)k; net cash from financing activities was $4.033 million.

• Estimated quarters of funding available at current outgoings is 4.63.

Outlook and guidance

• Focus remains on securing optimal funding to commence construction in 2026 and achieve first production in 2027.

• Future drilling and resource expansion will align with development sequencing and financing milestones.