Resolution Minerals (RML) Q4 2025 TU earnings summary

Executive summary

• Acquired the Horse Heaven Gold Antimony, Silver and Tungsten Project in Idaho, USA, consolidating a leading antimony-gold portfolio alongside Drake East and Neardie projects.

• Completed LiDAR interpretation at Drake East, identifying over 700 historical workings related to gold and antimony mineralisation.

• Reviewed Spur South Gold Copper Project, confirming porphyry-skarn mineralisation potential.

• Appointed key technical, strategic, and government engagement advisors to accelerate Horse Heaven development and U.S. market entry.

Financial highlights

• Cash at bank as of 30 June 2025 was $1,171k.

• Net cash used in operating activities for the quarter was $(1,158)k; investing activities used $(120)k; financing activities provided $1,451k.

• $1.9 million share placement announced, with $1.55 million raised in tranche 1 and $0.35 million in tranche 2 (completed July 2025).

Outlook and guidance

• Plans to list on NASDAQ in Q4 2025, with imminent OTC listing as an initial U.S. entry.

• Multiple financing alternatives secured, including option exercises ($3–6 million expected) and a $7 million non-dilutive loan facility.

• Confident in ability to raise further funds if required, with additional placement facility and asset sales as options.