Investigator Resources (IVR) Q4 2025 TU earnings summary

Executive summary

• Advanced groundwork for silver-focused assets in South Australia, with drilling at Athena and Curnamona planned for H2 2025.

• $4.3 million placement completed to fund exploration and project development.

• New Managing Director, Lachlan Wallace, appointed effective 1 July 2025, bringing significant mining and development experience.

Financial highlights

• $4.3 million raised via placement to institutional and sophisticated investors at 3.0c per share.

• Cash balance of $5.1 million as of 30 June 2025.

• Net cash outflow from operating activities was $484k for the quarter.

• Estimated 6.55 quarters of funding available based on current cash and outgoings.

Outlook and guidance

• Gravity survey at Athena and drilling at Curnamona scheduled for the next quarter.

• Paris Silver Project DFS review underway to capture value from a 30% increase in silver price in 2025.

• Anticipates larger pit and revised tailings storage due to new water resource discovery.