Sentinel Metals (SNM) Q1 2026 TU earnings summary

Executive summary

• Advanced permitting for maiden drill program at Columbia Gold-Silver Project in Montana, with public comment period closed and final assessment underway; drilling expected to commence in May, pending approval.

• Appointed Krista Lee Evans as Vice President of Government and Community Relations to strengthen regulatory and community engagement.

Financial highlights

• Ended the quarter with approximately A$6.02 million in cash and cash equivalents.

• Actual expenditures to date were A$4.47 million, under budget compared to the planned A$10.8 million.

• Exploration and evaluation expenditure during the quarter was approximately A$719k.

• Payments to related parties during the quarter totaled A$127k.

Outlook and guidance

• Drilling program of ~5,000m across 21 holes is targeted to commence in May 2026, subject to final regulatory approval.

• DEQ is required to provide a final assessment by 7 June 2026.

• Estimated quarters of funding available is 6, indicating sufficient liquidity for near-term operations.