Resolution Minerals (RML) H2 2025 earnings summary

Executive summary

• Advanced critical metals exploration in Australia and Alaska, divesting non-core assets to focus on value creation and portfolio rationalisation.

• Acquired significant antimony and gold projects in Australia and the US, including Horse Heaven in Idaho, enhancing exposure to strategic minerals.

• Completed a 1:8 share consolidation and raised $2.15 million through placements, strengthening the balance sheet.

• Sold the Allegra Nickel Project to a director-related entity, aligning with the strategy to focus on Australian assets.

Financial highlights

• Net loss after tax of $22,448,139 for FY2025, up from $1,671,868 in FY2024, mainly due to $16.5m impairment of the 64North project and other asset write-downs.

• Cash balance at 30 June 2025 was $1.17 million, up from $238,747 at prior year-end.

• Total assets decreased to $4.2 million from $20.0 million year-over-year, reflecting impairments and asset sales.

• Share-based payments and corporate advisory expenses increased significantly.

Outlook and guidance

• Focus on advancing newly acquired antimony and gold projects through targeted exploration.

• Plans to commence drilling at Horse Heaven in H2 2025 and continue rationalising the broader portfolio.

• Intends to seek US Department of Defense funding for Horse Heaven and explore further capital raising or joint ventures as needed.