Delta Lithium (DLI) H2 2025 earnings summary

Executive summary

• Achieved a transformative year with a sharpened focus on lithium and critical projects, including the demerger of the Mt Ida Gold Project and strategic acquisitions in the Upper Gascoyne Lithium Province.

• Updated Mineral Resource Estimate (MRE) at Yinnetharra: 21.9Mt @ 1.0% Li₂O, with a 71% increase in Indicated category; maiden Tantalum MRE of 39.4Mt @ 102ppm Ta₂O₅.

• Completed the successful IPO of Ballard Mining, raising $30 million, and disposed of the Eureka Gold Project, reinforcing capital discipline.

• Ended FY25 with $58.5 million in cash and cash equivalents, supporting ongoing project advancement and strategic flexibility.

Financial highlights

• Operating loss after tax from continuing operations: $3.68 million (FY24: $12.49 million).

• Net operating cash outflows: $0.79 million (FY24: $4.83 million).

• Exploration investment: $30.53 million (FY24: $61.04 million).

• Cash and cash equivalents at year-end: $55.87 million (FY24: $86.69 million).

• No dividends declared or paid.

Outlook and guidance

• Focus on advancing Yinnetharra and progressing mining lease approvals at Malinda.

• Maintain close collaboration with Ballard Mining at Mt Ida for optimal outcomes.

• Continue disciplined exploration and remain open to complementary acquisitions in the lithium sector.