MetalsTech (MTC) Q3 2025 TU earnings summary

Executive summary

• Advanced Pre-Feasibility Study (PFS) at the 100% owned Sturec Gold Mine in Slovakia, with site visits and technical reviews completed by Mining One personnel.

• Raised A$3.3 million via strategic placement to fund PFS completion, strengthen the balance sheet, and provide working capital.

• Sturec project hosts a JORC (2012) Measured, Indicated, and Inferred resource of ~2.7 million ounces of gold and 22.2 million ounces of silver.

• Updated scoping study shows robust economics: pre-tax NPV8% of US$768 million and IRR of 162% for an underground-only operation.

• High gold and silver prices are driving significant inbound interest in the project.

Financial highlights

• Cash outflows from operating activities for the quarter were $57,000, mainly for administration, corporate, and staff costs.

• Cash outflows from investing activities were $114,000, covering site exploration, PFS work, and metallurgical test work.

• Cash inflows from financing activities totaled $164,000, representing loan proceeds from a director and major shareholders.

• Cash and cash equivalents at 31 March 2025 were $31,000.

• Total available funding, including unused finance facilities, was $4.03 million at quarter end.

Outlook and guidance

• PFS for the Sturec Gold Mine expected to be completed before year-end, marking a significant milestone.

• Ongoing metallurgical testwork and ore sorting technology reviews aim to enhance project economics and operational recoveries.

• Company continues to review additional gold sector project opportunities.