Resolution Minerals (RML) Q1 2025 TU earnings summary

Executive summary

• Advanced exploration review at Benmara Project, identifying multiple prospective mineralisation models including IOCG, SEDEX, Mount Isa type, and unconformity-related uranium.

• Progressed studies at Allegra Project in Alaska and sent HPSS project samples for specification testing.

Financial highlights

• Cash at bank at 30 September 2024 was $80k, down from $239k at the start of the quarter.

• Net cash used in operating activities was $123k for the quarter.

• Net cash used in investing activities (primarily exploration) was $75k.

• Net cash from financing activities was $40k, including a $44k unsecured, interest-free director loan.

Outlook and guidance

• Estimated quarters of funding available is 0.4, indicating less than two quarters of cash runway.

• Plans to raise further funds through private placements, rights issues, share purchase plans, or asset sales; Acuity Capital At-The-Market facility available.

• Confident in ability to continue operations and meet objectives following fundraising; will reduce spend if necessary.