CZR Resources (CZR) Q3 2026 TU earnings summary

Executive summary

• Focus shifted to advanced exploration assets after the $75M sale of Robe Mesa iron ore interest in September 2025.

• Major exploration underway at Croydon gold, Edamurta copper-zinc, and Yarraloola iron ore projects.

• Well-funded with $66.9M cash and no debt as of 31 March 2026.

Financial highlights

• $999k spent on exploration in the quarter: $720k Croydon, $123k Buddadoo, $88k Yarrie, $60k Yarraloola, $8k Shepherd's Well.

• Net cash outflow from operating activities was $260k for the quarter.

• Cash and cash equivalents at quarter end: $15.45M; total available funding including term deposits: $66.9M.

• No borrowings or debt facilities drawn at quarter end.

Outlook and guidance

• Intensive exploration programs at Croydon and Edamurta to drive resource definition and future capital requirements.

• RC drilling at Top Camp and Bottom Camp underway, with results expected June 2026.

• Yarrie aircore drilling to commence in May 2026.

• Capital management strategy to be determined after exploration outcomes and FY26 tax position are clarified.