Resolution Minerals (RML) Q1 2026 TU earnings summary

Executive summary

• Completed Phase 1 diamond drilling at Horse Heaven with 10 holes (9,000 ft), confirming visible tungsten mineralisation at Golden Gate and strong surface results at Antimony Ridge.

• Expanded Horse Heaven landholding by 600 acres to ~59 km² and launched a district-scale stream sediment program to validate geological links with the Stibnite Project.

• Strengthened U.S. leadership team and advanced dual U.S. listings, including OTCQB trading and NASDAQ preparation.

• Secured A$25.1 million placement, fully funding exploration and downstream initiatives.

Financial highlights

• Raised A$25.1 million via institutional placement at A$0.05 per share, with strong global investor participation.

• Additional A$2 million exclusive placement by Tribeca at A$0.08 per share post-quarter.

• Cash and cash equivalents at quarter end: A$15.6 million, providing 5.2 quarters of funding at current burn rate.

• Exploration expenditure for the quarter: A$1.3 million, mainly for Horse Heaven drilling and tenement costs.

Outlook and guidance

• December quarter to deliver assay results from Golden Gate and Antimony Ridge, complete expanded drilling, and progress NASDAQ dual listing.

• Ongoing U.S. government engagement and downstream processing advancements, including metallurgical testwork and mill acquisition.

• Focus on advancing Horse Heaven as a cornerstone U.S. critical minerals project.