Delta Lithium (DLI) Q2 2026 TU earnings summary

Executive summary

• Updated Mt Ida Mineral Resource Estimate (MRE) to 14.8Mt @ 1.21% Li₂O, 170ppm Ta₂O₅, and 0.42% Rb₂O, with 7.7Mt in Measured & Indicated categories at higher grades.

• Rubidium resource delineated as one of the world's highest-grade publicly released Rb₂O MREs, with potential to enhance project economics.

• Downstream processing and vertical integration studies for lithium and rubidium are underway, showing positive initial results.

• Drilling campaigns at Yinnetharra and Mt Ida are increasing resource confidence and de-risking early mining.

• Cash balance at quarter-end was $54M, with listed investments valued at approximately $108M.

Financial highlights

• Exploration and evaluation expenditure for the quarter was $3.601M.

• No substantive mining production or development activities during the quarter.

• Net cash used in operating activities was $294K; net cash used in investing activities was $3.546M.

• Cash and cash equivalents at quarter-end totaled $53.997M.

• Payments to related parties during the quarter amounted to $191K, relating to director and executive remuneration.

Outlook and guidance

• Mt Ida Project is fully permitted for open pit and underground mining, with further de-risking from ongoing drilling.

• Yinnetharra Project advancing with a mining lease application submitted and environmental permitting progressing.

• Water exploration at Yinnetharra is ongoing to support future mining and processing.

• Downstream processing studies for lithium and rubidium products are in progress, with high recoveries reported in initial phases.