Raiden Resources (RDN) Q1 2027 TU earnings summary

Executive summary

• Crixás Gold Tailings Project permitting advanced: the environmental impact statement and supporting reports were resubmitted to SEMAD for review; production potential remains conditional on permits and further technical work.

• Quarter-end cash was $11.73m, supporting Crixás evaluation and assessment of acquisition opportunities; divestment and joint-venture options for non-core assets remain under review.

Financial highlights

• Cash and cash equivalents were $11.732m at 30 September 2026, down $248k during the quarter; operating cash outflow was $248k, with $146k interest received and a $4k adverse exchange-rate effect.

• Exploration and evaluation payments were $202k; staff and board remuneration was $52k and administration and corporate costs were $140k.

• Related-party payments totalled $134k: $99k for director fees and $35k for accounting and company secretarial services.

Outlook and guidance

• Subject to permit re-issue and SEMAD verification, the Crixás project is to be evaluated for near-term production potential; the concept remains subject to technical evaluation and approvals.

• Planned work includes resource drilling to support a JORC-compliant estimate, metallurgical evaluation focused on gravity and potentially flotation, and work toward FID as soon as practicable.

• Preliminary cost estimate for the work program toward FID is less than A$1m; the estimate is preliminary and subject to change.