Resolution Minerals Ltd reported a fiscal 2026 loss of A$53,316,618, primarily due to Horse Heaven Project advancement and promotion, advisory and equity payments. Cash was A$10,343,353 at June 30, 2026, with funding expected to support operations until at least April 2027.
Net loss53.32M AUDDiluted EPS-0.03 AUD
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Loss for the year increased significantly from A$6,033,416 in the year ended June 30, 2025 to A$53,316,618 in the year ended June 30, 2026 primarily due to the advancement and promotion of our Horse Heaven Project during the year ended June 30, 2026 and the payment of consulting, advisory, marketing and legal fees and associated equity to persons who began working at our Horse Heaven Project during the year ended June 30, 2026 as detailed above.As of June 30, 2026, we had cash of A$10,343,353.We anticipate that our current cash and funding facilities will be sufficient to fund our operations at least until April 2027.Open the document at this passage
Resolution Minerals Ltd completed 42 diamond core holes for 12,236m across Golden Gate, extended gold mineralisation at least 2,000m south at Golden Gate South and 500m at Golden Gate North, and entered a non-dilutive $10 million loan facility.
Resolution Minerals Ltd said three drill holes at Golden Gate North confirmed a gold zone at least 500 metres (1,600ft) long, 200 metres (650ft) wide and 300 metres (990ft) deep, with assays from HH-GG26-031C, HH-GG26-032C and HH-GG26-039C.
Resolution Minerals acquired 100% of Horse Heaven in July 2025, advanced gold, antimony and tungsten exploration through Phase 2 drilling in May 2026, and began Nasdaq trading under RML on 9 September 2026. Its FY2026 net loss was $53,316,618.
