Lion Rock Minerals (LRM) H1 2025 earnings summary

Executive summary

• Completed acquisition of 80% interests in Kitongo and Lolo Uranium Projects and Minta Rutile Project in Cameroon, expanding exploration footprint into West Africa.

• Continued exploration in Western Australia and Victoria, with initial field activities at Yendon Kaolin Project.

• Appointed new CEO, Casper Adson, in February 2025, bringing significant mining and operational experience.

Financial highlights

• Net loss after tax for the half year ended 31 December 2024 was $1,999,085, compared to a loss of $533,276 for the same period last year.

• Revenue for the half year was $37,132, up from $30,688 year-over-year.

• Net assets as at 31 December 2024 were $596,245, compared to net liabilities of $658,270 as at 30 June 2024.

• Cash and cash equivalents increased to $889,122 from $74,789 at 30 June 2024.

• Raised $1,707,901 from share issues and $643,566 from share-based payments.

Outlook and guidance

• Initial assay results from the maiden exploration program at Minta Rutile Project expected in late March 2025.

• Planned confirmation drilling and exploration at Kitongo and Lolo Uranium Projects.

• Announced a non-renounceable entitlement offer to raise up to $2,041,688 post-period end.