Raiden Resources (RDN) Q3 2026 TU earnings summary

Executive summary

• Advanced due diligence on the Crixás Gold Tailings Project in Brazil, aiming for near-term completion and a fast-tracked path to production, subject to technical and regulatory milestones.

• Submitted environmental licensing documentation for Crixás; awaiting state authority review and Mining Authority approval.

• Continued disciplined capital allocation and evaluation of new acquisitions, with a focus on value accretion per share.

Financial highlights

• Cash balance of $12.33m as of 31 March 2026, down from $12.57m at the start of the quarter.

• Net cash outflow from operating activities was $241k for the quarter, primarily due to exploration and evaluation expenses.

• $296k spent on exploration activities during the quarter; no mining, production, or development expenditure incurred.

• Payments to related parties totaled $121k, including director fees and company secretarial services.

Outlook and guidance

• Near-term objectives for Crixás include a 1,000m drilling program to deliver a JORC Mineral Resource Estimate and metallurgical evaluation to define processing routes.

• Work program to reach Final Investment Decision (FID) estimated at less than A$1m, subject to change.

• Ongoing assessment of divestment or joint venture opportunities to supplement cash reserves and reduce holding costs.