Raiden Resources (RDN) H1 2026 earnings summary

Executive summary

• Principal activity during the half-year was mineral exploration across Europe, Australia, and Brazil.

• Net loss after tax and non-controlling interest was $3,045,922, an improvement from $3,999,662 for the same period last year.

• Significant exploration progress at the Vuzel Project in Europe, with multiple gold intersections and geophysical surveys defining new drill targets.

• Acquisition of an 85% interest in the Crixás Gold Tailings Project in Brazil, targeting gold resource definition.

• Delayed further drilling at Mt Sholl and Andover projects in Australia due to low nickel and lithium prices.

Financial highlights

• Revenue for the half-year was $279,472, up from $201,327 year-over-year.

• Loss after income tax attributable to owners was $3,045,922, compared to $3,999,662 in the prior year.

• Basic and diluted loss per share was (0.09) cents, improved from (0.13) cents year-over-year.

• Cash and cash equivalents at period end were $1,026,946, with term deposits of $11,545,000.

• Exploration and evaluation expenditure written down by $1,976,455 due to impairment of Arrow and Zlatusha projects.

Outlook and guidance

• Future drilling at Vuzel Project to focus on newly defined north and north-west trends and high-priority targets.

• Advancement of Crixás Gold Tailings Project pending confirmatory drilling, sampling, and regulatory approvals.

• Further work at Mt Sholl and Andover projects contingent on improvement in nickel and lithium market prices.