Resolution Minerals (RML) Q3 2025 TU earnings summary

Executive summary

• Acquired three new projects: Drake East Antimony-Gold (NSW), Neardie Antimony (QLD), and Spur South Gold-Copper (NSW) for $70k cash and 25 million shares.

• Continued review of exploration tenure and assessment of potential divestments and acquisitions.

• LiDAR study at Drake East identified 791 mine workings, exceeding expectations and highlighting new mineral occurrences.

Financial highlights

• Cash at bank at 31 March 2025 was $998k.

• Raised $1.55 million via share placement during the quarter.

• Net cash used in operating activities for the quarter was $594k; $730k for the nine months.

• Net cash from financing activities was $1.4 million for the quarter.

• Estimated quarters of funding available is 1.6, with plans for further capital raising.

Outlook and guidance

• Plans to follow up on high-priority areas at Drake East in the upcoming quarters.

• Intends to raise additional funds through a placement facility, with a shareholder meeting scheduled for 14 May 2025.

• Will reduce corporate spend and activities if fundraising is insufficient.