Newfield Resources (NWF) Q3 2025 TU earnings summary

Executive summary

• Entered term sheet with ACA Resources to advance Tongo Diamond Mine; ACA now manages site and staff in Sierra Leone.

• Received notice from Octea Limited terminating Tribute Mining and Revenue Share Agreement for Tonguma licence due to lack of progress.

• Legal review underway regarding Tonguma agreement termination; no update yet.

Financial highlights

• Net cash used in operating activities for the quarter was A$597,000; year-to-date net cash used was A$1,890,000.

• Net cash from financing activities was A$632,000 for the quarter and A$1,522,000 year-to-date.

• Cash and cash equivalents at quarter end totaled A$36,000.

• Proceeds from borrowings were A$680,000 for the quarter.

Outlook and guidance

• Ongoing negotiations for Tongo license fee payment and settlement of outstanding creditors to reduce payables.

• Pursuing additional funding initiatives for Tongo Diamond Mine development and refinancing existing debt.

• Estimated 16 quarters of funding available based on current cash and undrawn facilities.