Low LeverageMinimal leverage gives the company durable financial flexibility: with almost no debt the firm can fund exploration capex, weather commodity cycles, and delay refinancing risk. This low fixed-cost structure reduces near-term solvency risk and preserves optionality over months.
Equity Base GrowthMeaningful equity growth from ~A$42.5m to ~A$93.3m builds a larger capital base to support project development and reduces reliance on debt. A stronger equity buffer supports staged funding, JV participation or capex for development over the next 2–6 months.
Reduced Losses / Lower Cash BurnThe latest annual period recorded a much smaller net loss and reduced operating cash outflow versus prior years, indicating improved cost control and lower burn. If sustained, this trend extends runway and lowers immediate financing needs while projects progress.