Silver Mines (SVL) Q3 2026 TU earnings summary

Executive summary

• Progressed Bowdens Silver Project development application redetermination with NSW authorities, focusing on updated ecological and biodiversity assessments under the Biodiversity Conservation Act 2016 (NSW).

• Advanced exploration at Rockwell Prospect, Calico North, Kramer Hills, and Tuena projects, with significant mineralisation results and ongoing drill planning.

• Maintained extensive stakeholder engagement and consultation with government and local communities.

Financial highlights

• Cash reserves at quarter end were A$33.496 million.

• Evaluation and exploration expenditure for the quarter totaled A$4.008 million.

• Net cash used in operating activities was A$657,000 for the quarter.

• Net cash used in investing activities was A$7.031 million for the quarter.

• Net cash from financing activities was A$681,000 for the quarter, including proceeds from option exercises.

Outlook and guidance

• Updated biodiversity assessment for Bowdens Silver Project expected to be submitted by mid-2026, with DA redetermination anticipated thereafter.

• Drill planning underway for Rockwell, Calico North, and Kramer Hills, with geophysical survey results expected in late 2026.

• Estimated quarters of funding available is 7.18, indicating strong liquidity for ongoing operations.