Neometals (NMT) Q4 2026 TU earnings summary

Executive summary

• Advanced the Barrambie Gold & Copper Project with a Mining Services JV for the Ironclad Gold Deposit, targeting near-term gold production and profit sharing.

• Defined significant exploration targets for gold, copper, lithium, and potash across Australian and US projects, with ongoing drilling and test work.

• Progressed downstream technology commercialization, including lithium chemicals (ELi Process) and vanadium recovery, with pilot and demonstration plants in development.

• Raised A$2.9M via placement and A$1.3M from an entitlement offer; awaiting A$5M Tranche 2 Placement, with a personal guarantee for partial funds.

• Implemented a cash preservation program and reviewed alternative funding options due to pending placement funds.

Financial highlights

• Cash balance at 30 June 2026 was A$3.6M, with investments and net receivables of A$1.9M and no debt.

• Net cash used in operating activities for the quarter was A$1.8M; net cash from financing activities was A$3.9M.

• Raised A$4.2M from equity issues during the quarter.

• Estimated quarters of funding available: 1.39, with cash preservation measures in place.

Outlook and guidance

• Ironclad Gold Deposit targeted for commercial production in 2027, pending final investment decision and permitting.

• Utah Brine Project aims for a JORC-compliant resource estimate and scoping study by June 2027, subject to funding.

• Downstream pilot and demonstration plants for lithium and vanadium technologies expected to advance in the next quarters.