Valiant Gold (VAL) Q3 2026 TU earnings summary

Executive summary

• Completed ASX listing and commenced trading on 27 March 2026, raising $75M before costs through IPO.

• Focused on execution of mine restart strategies at Comet and Reedy projects, with dewatering and drilling activities underway.

• Entered into an ore purchase agreement with Big Bell Gold Operations for ore processing.

Financial highlights

• Cash balance at 31 March 2026 was $70.8M, following IPO proceeds and after costs.

• Net cash used in operating activities for the quarter was $746K; year-to-date $750K.

• Net cash from financing activities was $70.7M for the quarter, reflecting IPO proceeds.

• Payments to related parties totaled $332K for the quarter.

Outlook and guidance

• Dewatering and rehabilitation at Comet and Pinnacles mines to commence next quarter.

• First assay results from South Emu-Triton drilling expected within 4-6 weeks.

• Technical team expansion and further resource drilling planned.