Resolution Minerals (RML) Q2 2026 TU earnings summary

Executive summary

• Major gold discovery at Golden Gate North with significant mineralisation in all diamond core holes drilled during the quarter.

• Transition from critical minerals explorer to developer, highlighted by gold discovery and fast-tracked metallurgy.

• Acquisition of Johnson Creek Tungsten & Antimony Mill and Antimony Camp properties to support critical minerals strategy.

• Appointment of Dr. Adam Roper as Chief Metallurgist to lead extraction programs.

• Sale agreement for non-core 64North Project in Alaska for US$1.5 million post-quarter.

Financial highlights

• Raised A$25.1 million via institutional placement, with Tranche 2 ($6.7 million) settled in December 2025.

• Cash and cash equivalents at quarter end: $15.2 million.

• Net cash used in operating activities: $(6.95) million for the quarter.

• Net cash used in investing activities: $(3.85) million for the quarter.

• Net cash from financing activities: $10.45 million for the quarter.

• Estimated quarters of funding available: 1.4, with additional liquidity expected from asset sale and potential option exercises.

Outlook and guidance

• Final assay results from Phase 1 drilling at Horse Heaven expected next quarter.

• Aggressive Phase 2 drilling campaign at Golden Gate planned to expand mineralisation and support resource estimate.

• Submission of permit applications for bulk sampling and maiden drill program at Antimony Ridge.

• Progress toward NASDAQ dual listing and increased U.S. investor engagement.

• Ongoing U.S. Government collaboration and exploration of federal grant pathways.