Mont Royal Resources (MRZ) H1 2025 earnings summary

Executive summary

• Focused on exploration of Northern Lights Minerals projects in Quebec, Canada, with significant drilling and fieldwork completed during the half-year.

• Completed 2024 summer drilling at Bohier Lithium Project, drilling eight holes for 744 metres, confirming high-grade spodumene mineralisation.

• Exited the Wapatik Gold-Copper Project option due to challenging commodity headwinds and did not meet spending commitments.

Financial highlights

• Net loss for the half-year was $526,122, compared to $465,361 for the same period last year.

• Total comprehensive loss attributable to members was $397,050, improved from $661,515 year-over-year.

• Interest income increased to $22,041 from $16,583 year-over-year.

• Cash and cash equivalents at period end were $1,751,955, down from $2,079,224 at 30 June 2024.

• Net cash used in operating activities was $449,512, while investing activities provided $43,539 due to government grants and tax incentives.

Outlook and guidance

• Next phase of exploration at Bohier will target untested anomalies with drill holes on both sides of targets to improve success rates.

• Follow-up exploration planned at Petit Léran to determine the source of spodumene blocks.