Resolution Minerals (RML) Q2 2025 TU earnings summary

Executive summary

• Continued review of exploration tenure and expenditure to maintain tenements in good standing.

• Sent George Silica Sands Project samples for analysis and reviewed projects for potential divestment or acquisition.

• Sold Allegra Nickel Project in Alaska for $25,000, with completion in January 2025.

Financial highlights

• Cash balance at 31 December 2024 was $229k.

• Raised $240k via share placement and completed a 1:8 securities consolidation.

• Spent $71k on exploration activities, mainly for tenement rentals and technical consultants.

• Net cash used in operating activities for the quarter was $(13)k; investing activities $(36)k; financing activities provided $196k.

• Estimated 2.7 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Ongoing assessment of project divestment and acquisition opportunities.

• Continued focus on maintaining tenements and advancing exploration projects.