Delta Lithium (DLI) Q1 2026 TU earnings summary

Executive summary

• Completed successful demerger and IPO of Mt Ida gold rights into Ballard Mining, unlocking significant value and strengthening the balance sheet by over $80M marked to market.

• Delta retains a 46% shareholding in Ballard, maintaining exposure to gold upside while focusing on lithium assets.

• Drilling and exploration activities advanced at Yinnetharra and Mt Ida, with notable lithium and rubidium intercepts.

Financial highlights

• Cash at quarter end was $56.8M.

• Net cash outflow from operating activities was $1.39M; investing activities outflow was $4.2M; financing activities provided $4.0M.

• Estimated 13.5 quarters of funding available at current expenditure rates.

• Exploration and evaluation expenditure for the quarter was $2.82M.

Outlook and guidance

• Focus on advancing lithium exploration and development at Yinnetharra and Mt Ida.

• Ongoing metallurgical test work to assess rubidium as a co-product at Mt Ida.

• Continued drilling at priority targets, including Jameson, Malinda, and new regional prospects.