Peel Mining (PEX) Q2 2026 TU earnings summary

Executive summary

• Completed a $21.25 million capital raise via placement and Share Purchase Plan at $0.085 per share, with strong demand from institutional and retail investors.

• Exploration ramped up, with significant gold intercepts at Nombinnie and commencement of a major drilling program at the Southern Nights Complex.

• Secured six NSW Government grants totaling $115,000 to accelerate exploration across the Cobar Basin portfolio.

• Ongoing technical and corporate review evaluating regional processing and M&A opportunities.

Financial highlights

• Cash balance at 31 December 2025 was $17.6 million.

• Net cash from operating activities for the quarter was $(1.25) million, with $0.97 million used in investing activities.

• $20.2 million raised from equity, with $1.82 million in capital raising costs and loan repayments.

• Payments to directors during the quarter totaled $169,000.

Outlook and guidance

• Follow-up drilling and exploration planned at Nombinnie to test extensions of mineralisation.

• Ongoing major drilling campaign at Southern Nights Complex targeting resource growth.

• Technical reviews and strategic discussions with potential processing partners underway.

• NSW Government grant-funded exploration programs scheduled through late 2026.