Neometals (NMT) H1 2026 earnings summary

Executive summary

• Advanced commercialisation of sustainable processing solutions for critical materials and exploration at Barrambie Gold Project.

• Completed infill and extensional drilling at Ironclad deposit; entered LOI for production JV.

• Progressed divestment of Barrambie Titanium and Vanadium Project.

• Sold 50% interests in Primobius and ACN 630, redeploying capital to higher-value opportunities.

Financial highlights

• Loss after tax from continuing operations: $6.77M (vs. $8.91M loss in prior year period).

• Profit from discontinued operations: $6.30M (vs. $2.48M loss prior year), mainly from Primobius sale.

• Net cash outflow from operating activities: $4.40M (vs. $6.31M prior year).

• Cash and term deposits at 31 Dec 2025: $6.1M.

• Total assets: $27.0M; net assets: $18.2M.

Outlook and guidance

• Ongoing focus on commercialising lithium and vanadium processing technologies.

• Continued exploration and resource growth at Barrambie Gold Project.

• Seeking additional funding of ~$14M by March 2027 to meet commitments.