Meteoric Resources NL (MEI) Q4 2026 TU earnings summary

Executive summary

• Advanced all technical, engineering, and commercial workstreams for the Caldeira DFS, with delivery imminent.

• Pilot plant operations exceeded expectations, delivering strong recoveries and validating process assumptions.

• Updated resource infill drilling led to a 246% increase in Measured Resources, enhancing project confidence.

• Secured key tenements and completed a $40M capital raise, strengthening project control and funding.

Financial highlights

• Cash position at 30 June 2026 was $37.8M, following a $40M placement.

• Quarterly operating cash outflows totaled $17.3M, with $15M spent on exploration and evaluation.

• Net cash from financing activities was $38.9M for the quarter.

• Estimated quarters of funding available: 2.2.

Outlook and guidance

• Caldeira DFS nearing completion, with FID targeted after environmental licensing in December 2026 quarter.

• Ongoing exploration and technical work to further increase resource confidence and support project commencement.

• Considering alternative funding solutions, including government grants and strategic partnerships.