Warriedar Resources (WA8) H2 2025 earnings summary

Executive summary

• Achieved significant exploration success at Golden Range, notably expanding gold and antimony resources at Ricciardo, with a maiden antimony Mineral Resource Estimate (MRE) delivered in May 2025.

• Golden Range Project MRE increased over 400% since early 2023, now at 31 Mt @ 2.3 g/t AuEq for 2.3 Moz AuEq, including 1.38 Moz gold and 60.3 kt antimony.

• Entered into a binding scheme with Capricorn Metals, offering shareholders a 29% premium to last closing price.

Financial highlights

• Operating loss for FY2025 was $10.67 million, a significant improvement from $21.35 million in FY2024.

• Revenue increased to $589,044 from $311,279 year-over-year, mainly from interest and rental income.

• Cash and cash equivalents at year-end were $24.43 million, up from $3.5 million in the prior year.

• Equity raised over $34.5 million through three capital raisings during the year.

Outlook and guidance

• Ongoing focus on expanding gold and antimony resources at Golden Range and Fields Find, with further drilling and metallurgical studies planned.

• Anticipated completion of Capricorn Metals acquisition, with expected benefits from a larger, diversified production base.