Kingsrose Mining (KRM) Q4 2025 TU earnings summary

Executive summary

• Focus shifted to Finnmark project after BHP withdrew from Central Finland, with Finnmark showing strong potential for intrusion-hosted polymetallic mineralisation near surface.

• Option agreement executed to acquire Gallujavri nickel-copper-PGE project in Finnmark, funded by the Finnmark Alliance.

• Appointment of Terry Holohan as Acting CEO in June 2025 to drive M&A and exploration.

Financial highlights

• Cash balance at 30 June 2025 was A$27.287m, up from A$24.66m at 31 March 2025.

• Net cash inflow from operating activities for the quarter was A$2.8m, compared to a net outflow of A$2.9m in the previous quarter.

• Exploration expenditure for the quarter was A$2.36m, mainly funded by BHP Alliance contributions of A$5.9m.

• Administrative and corporate costs for the quarter totaled A$1.07m.

Outlook and guidance

• FY2026 Finnmark Alliance work program and budget of US$3.5m approved, focusing on airborne gravity and EM surveys to identify new targets.

• HeliTEM survey in Finnmark to cover majority of the belt by end of September 2025, with follow-up fieldwork ongoing.

• Statement on Natura 2000 report for Penikat Area 2-5 expected in September 2025.