Resolution Minerals (RML) Q4 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q4 2024 TU earnings summary
12 Jun, 2026Executive 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.
Latest events from Resolution Minerals
- Horse Heaven pairs critical metals with a growing gold corridor and near-term catalysts.RML
Conference - Drilling confirms a large, high-grade gold system with near-term tungsten production potential.RMLJMM Gold Forum 2026
- Horse Heaven acquisition drove major exploration, funding, and a sharp increase in net loss.RMLH2 2026
- FAST-41 status, $20M placement, and strong recoveries drive U.S. critical minerals strategy.RMLQ4 2026 TU
- Net loss reduced to $1.67M, but going concern risk remains amid ongoing exploration and low cash.RMLH2 2024
- Cash runway under two quarters; fundraising planned to support ongoing exploration.RMLQ1 2025 TU
- Quarter-end cash of $229k and recent capital raise provide 2.7 quarters of funding.RMLQ2 2025 TU
- Net loss surged to $3.93M on asset impairment, with going concern dependent on new funding.RMLH1 2025
- Raised $1.55M, acquired new projects, and ended quarter with $998k cash and 1.6 quarters funding.RMLQ3 2025 TU