Resolution Minerals (RML) Q4 2024 TU earnings summary

Executive summary

• Completed reviews of George Uranium and Carrara Range Projects, identifying strong uranium and SEDEX potential, as well as high-grade manganese at Carrara Range.

• Appointed Stephen Balch as a key technical consultant to review projects and advise on advancing the Allegra Nickel Project.

Financial highlights

• Cash balance at 30 June 2024 was $239k.

• $49k spent on exploration activities during the quarter, mainly for tenement rentals and technical consultants.

• Net cash used in operating activities for the quarter was $(48)k; net cash used in investing activities was $(47)k.

• No payments to related parties in the quarter; executive directors received shares in lieu of fees.

Outlook and guidance

• Estimated quarters of funding available is 2.5, based on current cash and outgoings.