Raiden Resources (RDN) Q4 2025 TU earnings summary

Executive summary

• Phase 2 drilling at Vuzel Gold Project expanded from 2,000m to 4,000m after positive results, confirming widespread gold mineralisation and potential high-grade feeder zones.

• Raiden increased its stake in Vuzel to 75%, with a pathway to 90% upon publishing a JORC resource.

• Arrow Gold Project remains 100% owned after Mallina opted out post initial $600k expenditure and 3,000m drilling.

• Corporate strategy prioritises cash preservation, cost discipline, and value realisation from core assets.

Financial highlights

• Cash balance at quarter end was $14.04m, down from $14.91m in the previous quarter.

• Net cash used in operating activities was $839k for the quarter.

• $805k spent on exploration, mainly drilling ($532k), geologist costs ($92k), assays ($11k), and labour hire ($18k).

• Payments to related parties totaled $138k, including director fees and company secretarial services.

Outlook and guidance

• Ongoing drilling at Vuzel aims to define the extent of mineralisation and identify additional feeder zones.

• Exploration at Arrow Gold Project under review, with future plans dependent on data integration.

• Company maintains a disciplined approach to acquisitions, focusing on value-accretive opportunities in copper and gold.