Warriedar Resources (WA8) H2 2025 earnings summary

Executive summary

• Achieved significant exploration success at Golden Range, expanding gold and antimony resources, especially at Ricciardo, with a maiden antimony Mineral Resource Estimate (MRE) delivered in May 2025.

• Golden Range Project MRE increased over 400% since early 2023, now at 31 Mt @ 2.3 g/t AuEq for 2.3 Moz AuEq, including 1.38 Moz gold and 60.3 kt antimony.

• Entered into a binding scheme with Capricorn Metals, offering shareholders a 29% premium to last closing price.

Financial highlights

• Operating loss for FY2025 was $10.67 million, a significant improvement from $21.35 million in FY2024.

• Revenue increased to $589,044 (2024: $311,279), mainly from interest and minor rental income.

• Cash and cash equivalents at year-end were $24.43 million, up from $3.5 million in 2024.

• Total assets rose to $93.3 million (2024: $73.0 million), with equity at $76.5 million (2024: $53.3 million).

• Three capital raisings during the year raised over A$34.5 million.

Outlook and guidance

• Focus remains on advancing exploration and resource growth at Golden Range, with ongoing drilling at Ricciardo, Windinne Well, M1, Valencia, and Goldener Grove.

• Scheme with Capricorn Metals expected to deliver enhanced value and development capability for shareholders.