Winsome Resources (WR1) Q4 2025 TU earnings summary

Executive summary

• Advanced Adina Lithium Project permitting with ESIA Directive received, enabling progress on regulatory roadmap.

• Trade-off and technical studies for Adina Feasibility Study advanced, focusing on mining methods and logistics.

• Cesium exploration resumed at Sirmac, with new field campaign and assay results expected in Q4 2025.

• Strong cash balance of A$18.3M at quarter end, supported by A$3.7M from partial divestment in Power Metals Corp.

• No reportable safety incidents; OHS coordination transferred to Renard site.

Financial highlights

• Cash and cash equivalents at 30 June 2025: A$18.3M, down from A$19.1M in March 2025.

• Net cash used in operating activities for the quarter: A$1.9M.

• Net cash from investing activities: A$1.1M, mainly from investment divestments.

• Net cash from financing activities: A$7.3M for the quarter.

• Estimated 4.09 quarters of funding available based on current cash burn.

Outlook and guidance

• Focus remains on advancing Adina through ESIA and feasibility, with cost-saving measures in place.

• Drilling and exploration at Sirmac and Adina to continue, with results expected in Q4 2025.

• Unlikely to exercise Renard Option by August 2025 unless market conditions improve.

• Ongoing engagement with stakeholders to explore future opportunities at Renard.