Sentinel Metals (SNM) Q3 2026 TU earnings summary

Executive summary

• Columbia maiden drilling returned broad, high-grade gold and extended mineralisation beyond the current pit shell; an updated MRE is targeted for November 2026.

• Big Springs acquisition added a second US gold project with a 1.01Moz resource, complementing Columbia's 920koz resource.

Financial highlights

• Quarter-end cash and cash equivalents were A$6.078m; net operating cash outflow was A$859k and net investing outflow A$10.783m.

• Financing generated A$14.029m net, including A$15m in equity proceeds and A$971k in issuance costs; exploration and evaluation investing outflow was A$2.168m.

• Estimated funding runway was 2.00 quarters based on A$6.078m available funding and A$3.027m in relevant quarterly outgoings.

Outlook and guidance

• Columbia's 15-hole, ~3,700m drilling program concluded in October; results for holes 12–15 and additional fire assay and multi-element results were pending.

• Updated Columbia MRE targeted for November 2026, subject to receipt and interpretation of outstanding data.

• Big Springs near-term work includes planning future drilling and targeting extensions of high-grade shoots at permitted North Sammy.