Sunstone Metals (STM) Q4 2025 TU earnings summary

Executive summary

• Advanced partnership and M&A discussions ongoing, with due diligence and site visits by multiple parties in June and July, including potential corporate and project-level transactions.

• Strategic focus on unlocking value from significant gold and copper discoveries at Bramaderos and El Palmar in Ecuador.

• Recent exploration confirmed new high-grade gold-silver mineralisation corridors and expanded mineralised zones at Bramaderos.

• Ecuador’s political stability reinforced by President Noboa’s re-election and ongoing mining sector M&A activity.

Financial highlights

• Cash at 30 June 2025 was $2.7 million (unaudited), with $4.0 million raised in March 2025 and $3.0 million received in April 2025 after fees.

• $1.0 million of options exercised during the quarter at $0.0075 per share; a further $0.6 million in proceeds from option conversions post quarter-end.

• Exploration expenditure for the quarter was A$1.5 million; corporate and other expenditure was A$0.7 million.

• Net cash outflow from operating activities was $0.69 million for the quarter; net cash outflow from investing activities was $1.55 million.

• Estimated quarters of funding available at current burn rate is 1.2; further funding expected from option exercises and equity issuance.

Outlook and guidance

• Partnership and M&A discussions are advancing, with an attractive opportunity potentially nearing an offer stage.

• Company expects to fund future activities through further equity issuance, option exercises, and strategic partnerships.

• Ongoing exploration and drilling programs planned for Bramaderos and El Palmar, subject to funding.