Province Resources (PRL) Q2 2025 TU earnings summary

Executive summary

• Ongoing discussions with the State Government regarding tenure for the HyEnergy® project.

• Actively evaluating gold and other commodity projects in Australia and overseas for potential relisting.

Financial highlights

• Cash balance at quarter end was $9.27 million, down from $9.75 million in the previous quarter.

• Net cash used in operating activities was $452,000 for the quarter.

• Exploration and evaluation expenditure totaled $24,000 for the quarter.

• Payments to related parties (director salaries and fees) amounted to $129,000.

Outlook and guidance

• Intends to identify suitable projects for relisting on a recognized exchange.

• Estimated quarters of funding available is 20.5, indicating strong liquidity.