Sunstone Metals (STM) Q3 2025 TU earnings summary

Executive summary

• Advanced partnership and corporate transaction discussions underway, with due diligence and site visits ongoing for Bramaderos and El Palmar projects.

• Multiple parties have expressed interest, with confidentiality agreements and further site visits planned for the next quarter.

• A non-binding indicative offer is being considered, with confirmatory diligence to follow if advanced.

Financial highlights

• $4.0M raised via institutional share placement in March/April 2025 at 0.5 cents per share.

• Cash at 31 March 2025 was $0.9M (unaudited), with $0.7M of the placement received before quarter end.

• Expenditure reduced by $0.6M, down 24% from the December 2024 quarter.

• Exploration expenditure for the quarter was A$1.5M, with corporate and other expenditure at A$0.5M.

• No sales revenue generated; activities funded primarily through equity issuance.

Outlook and guidance

• Ongoing due diligence and commercial discussions for potential material business transactions, including possible asset combinations.

• Further site visits and partnership discussions expected in the June quarter.

• Company expects to fund future activities through additional equity raises and strategic partnerships.