Saturn Metals (STN) Q4 2026 earnings summary

Executive summary

• Achieved a 26% increase in Apollo Hill Mineral Resource to 2.83Moz, with Measured and Indicated Resource now at 2.19Moz, reinforcing its status as a major undeveloped open pit gold resource in Australia.

• Signed Native Title Mining Agreement, enabling completion of permitting and development approvals for Apollo Hill.

• Divested non-core West Wyalong Project, focusing resources on Apollo Hill while retaining exposure to exploration upside via Xpedra shares.

• Appointed experienced mining executive Warren Hallam to the Board.

• Ended the quarter with a cash position of $40.4 million.

Financial highlights

• Cash and cash equivalents at quarter end: $40.4 million.

• Net cash used in operating activities for the quarter: $(582,000).

• Net cash used in investing activities for the quarter: $(9,175,000).

• No new borrowings or credit facilities drawn; all funding from equity and cash reserves.

Outlook and guidance

• Definitive Feasibility Study (DFS) for Apollo Hill progressing, with updated Ore Reserve and DFS targeted for release later in 2026.

• Ongoing engineering, metallurgical, and environmental studies to support project development.

• Continued exploration and resource development drilling planned for the next quarter.