Sunrise Energy Metals (SRL) Q1 2027 TU earnings summary

Executive summary

• Syerston engineering, procurement, permitting and early water-infrastructure work advanced toward a targeted FID by end-2026 and commercial production in 2028.

• A conditional OSC debt commitment of up to US$400m supports an expanded scandium supply-chain project, subject to due diligence, definitive agreements and approvals.

• The quarter included a maiden ~6,000-metre diamond drilling program in Queensland and acceptance into the NSW critical-minerals royalty deferral scheme.

Financial highlights

• Cash and cash equivalents were A$148.059m at 30 September 2026, including A$100m in term deposits.

• Operating cash outflow was A$15.066m; investing cash outflow was A$0.363m for the quarter.

• Interest received was A$1.585m; interest and finance costs paid were A$0.011m.

Outlook and guidance

• FID remains targeted by end-2026, with commercial production targeted for 2028.

• Revised project capital estimate of A$450–475m (US$315–333m) reflects the broadened scope and was presented to OSC as the basis for a comprehensive supply-chain solution.

• The OSC facility could provide up to US$400m of long-term debt, subject to due diligence, definitive documentation, conditions precedent and approvals.