Yari Minerals (YAR) Q2 2025 TU earnings summary

Executive summary

• Completed acquisition of Rolleston South Coal Project in Queensland's Bowen Basin, expanding coal resource base.

• Achieved a 91% increase in JORC (2012) Inferred Resource to 151Mt, confirming potential for high-grade thermal and semi-soft metallurgical coal.

• Strengthened leadership with new Chairman Eduardo Robaina and Technical Director Albert Thamm.

• Advanced development planning for Rolleston South, with a maiden drilling campaign set for H2 2025.

Financial highlights

• Exploration expenditure for the quarter was $0.143 million; no substantive mining or development activities occurred.

• Cash position at 30 June 2025 was $1.456 million, down $0.245 million from the previous quarter.

• No external debt as of quarter end.

• Payments to directors and related parties totaled $0.113 million for the quarter.

Outlook and guidance

• Maiden drilling campaign at Rolleston South planned for the second half of 2025, pending regulatory approvals.

• Ongoing exploration and resource upgrade work to support reclassification from Inferred to Indicated resources.

• Continued focus on advancing lithium projects in Western Australia, with results from recent geochemical testing pending.