Neometals (NMT) Q4 2025 TU earnings summary

Executive summary

• Completed first Mineral Resource estimate for the Ironclad deposit at Barrambie Gold Project and advanced drilling at Ironclad and Mystery prospects, with assays pending.

• Entered a non-binding MoU with Rio Tinto to explore industrial validation of the ELi Process for lithium chemicals, following successful pilot trials.

• Progressed installation and commissioning of lithium-ion battery recycling plants, including work with Mercedes-Benz and new process improvements at Hilchenbach.

• Continued project financing process for the Vanadium Recovery Project, with multiple parties engaged.

• Maintained a cash balance of A$4.4M, investments of A$10.3M, and no debt as of 30 June 2025.

Financial highlights

• Cash and term deposits at quarter end: A$4.4M, including A$0.2M in restricted deposits.

• Investments totaled A$10.3M, with net receivables of A$0.7M.

• Net cash used in operating activities for the quarter: A$1.73M; for the year: A$9.66M.

• Net cash used in investing activities for the quarter: A$0.9M; for the year: A$6.83M.

• Estimated quarters of funding available: 1.72, with plans to raise further cash through equity or asset sales.

Outlook and guidance

• Ongoing assessment of Ironclad drilling results, infill drilling, and preliminary economic evaluation planned.

• Initial drilling at other high-priority Barrambie Gold targets and continued regional exploration scheduled.

• Continued collaboration with Rio Tinto for ELi Process validation and further commercial discussions with partners.

• Project financing for Vanadium Recovery Project remains a focus.