MetalsTech (MTC) Q1 2026 TU earnings summary

Executive summary

• Advanced the Pre-Feasibility Study (PFS) for the 100% owned Sturec Gold Mine in Slovakia, targeting completion by end of 2025.

• Completed in-adit channel sampling and initiated detailed metallurgical test work to support an expanded mine plan.

• Raised A$3.3 million through two tranches of strategic placements to fund PFS, strengthen the balance sheet, and provide working capital.

• Fully repaid redeemable notes and accrued interest, resulting in a largely debt-free structure.

• Sturec project hosts a JORC (2012) resource of ~2.7Moz gold and 22.2Moz silver, with significant exploration upside.

Financial highlights

• Cash and cash equivalents at 30 September 2025 were $163,000.

• Cash outflows from operating activities for the quarter were $459,000, mainly for administration, staff, and PFS-related costs.

• Cash outflows from investing activities were $131,000, primarily for site exploration and PFS work.

• Cash outflows from financing activities were $847,000, including repayment of borrowings and capital raising fees.

• Payments to related parties totaled $126,000, covering directors' and consulting fees.

Outlook and guidance

• PFS remains on track for completion by late 2025, expected to de-risk the Sturec project and attract strategic partners.

• Focus remains on maximizing value from the Sturec Gold Project amid strong gold and silver prices.

• Ongoing review of additional gold sector project opportunities.