Saturn Metals (STN) Q1 2026 TU earnings summary

Executive summary

• Apollo Hill Mineral Resource upgraded to 2.24Moz, with 82% now in Measured and Indicated categories, following a 10% increase (200koz) from the previous resource published in February 2025.

• Strong drill results at the southern end of Apollo Hill, including high-grade intercepts at Iris and Tefnut prospects, support ongoing resource growth and project advancement.

• Pre-Feasibility Study (PFS) and maiden Ore Reserve are scheduled for Q4 2025, with further resource updates planned for H1 2026.

Financial highlights

• Cash position at 30 September 2025 was $22.08 million.

• Post quarter-end, firm commitments were received to raise $45 million via a share placement at $0.58 per share, with proceeds to be received in the December 2025 quarter.

• Net cash used in operating activities for the quarter was $573,000; net cash used in investing activities was $4.41 million.

• Estimated quarters of funding available is 4.43, based on current cash and outgoings.

Outlook and guidance

• PFS and maiden Ore Reserve for Apollo Hill targeted for Q4 2025; next Mineral Resource update planned for H1 2026.

• Ongoing drilling and exploration to target new high-grade zones and expand resource base.

• Continued metallurgical, environmental, and engineering studies to inform project development and permitting.