Winsome Resources (WR1) Q3 2026 TU earnings summary

Executive summary

• Entered into a binding Scheme Implementation Deed with Li-FT Power Ltd. for a proposed 100% acquisition via a scheme of arrangement, subject to conditions and court approval.

• Scheme Booklet registered with ASIC and distributed to securityholders; Scheme Meetings scheduled for 5 May 2026.

• Li-FT completed acquisition of a 75% interest in the Galinée property, satisfying a key transaction condition.

• No health or safety incidents reported during the quarter.

Financial highlights

• Cash balance at 31 March 2026 was A$5.7 million.

• Held 22.43 million shares in PWM valued at C$10.5 million as of quarter end.

• Net cash used in operating activities for the quarter was A$2.78 million; for the nine months, A$7.07 million.

• Estimated quarters of funding available: 1.55, with expenditures expected to decrease due to the pending acquisition.

Outlook and guidance

• Expenditures are expected to decrease in future quarters as a result of the pending acquisition by Li-FT Power Ltd.

• Ongoing planning for 2026 fieldwork and expanded baseline data collection at Adina and Galinée, contingent on scheme implementation.