Investigator Resources (IVR) H2 2025 earnings summary

Executive summary

• Paris Silver Project advanced as a high-grade, undeveloped silver deposit, with DFS reset to capture higher silver prices and improved project fundamentals.

• Key leadership transition: Lachlan Wallace appointed Managing Director from July 2025, following Andrew McIlwain’s retirement.

• Portfolio streamlined to focus on precious metals, with divestments of non-core assets (Stuart Shelf, Molyhil, White Spur) and new joint ventures to expand silver exploration.

• Successful $4.3M capital raise in June 2025 to fund exploration and DFS completion.

Financial highlights

• Net profit after tax of $227,704 for FY2025, reversing a prior year loss of $1,982,744.

• Total income of $1,461,856, including $948,482 from the sale of Stuart Shelf JV and $450,000 from NT fluorite sale.

• Exploration expenditure of $2,932,439, down from $4,638,008 in FY2024.

• Cash at bank of $5.07M as at 30 June 2025, up from $4.53M in 2024.

• Impairment charge of $85,253 for relinquished tenements.

Outlook and guidance

• Paris DFS nearing completion, with permitting and environmental studies advancing in parallel.

• Exploration to ramp up in 2025–2026, targeting Paris Silver Corridor and Curnamona copper-gold prospects.

• Focus on maximizing value from Paris in a strong silver price environment and ensuring project financeability.