Investigator Resources (IVR) Q2 2026 TU earnings summary

Executive summary

• Advanced the Paris Silver Project toward a finance-ready development outcome, with the DFS on track for H1 2026 completion.

• Achieved key technical milestones: pit optimisation, metallurgical improvements, and throughput stress testing confirming 1.5 Mtpa as optimal.

• Strengthened balance sheet via $10 million institutional placement, supporting accelerated DFS, permitting, and exploration.

• Rebranded to Investigator Silver Limited, reflecting a pure-play silver focus.

Financial highlights

• Ended the quarter with $12 million in cash, bolstered by the $10 million placement.

• Additional $19.6 million of in-the-money options on issue, expiring March 2028.

• Received $750,000 post-quarter for the Molyhil tungsten project, with further deferred consideration possible.

• Net cash from financing activities was $9.5 million for the quarter.

• Estimated 7.6 quarters of funding available at current expenditure rates.

Outlook and guidance

• Paris Silver Project DFS completion targeted for H1 2026.

• Focus on advancing permitting, native title surveys, and mining agreement negotiations.

• Planned follow-up exploration across the Paris Silver Corridor and disciplined capital management to position for project financing.