Group 6 Metals Reports Record Ore Throughput of 81,098 Tonnes in September 2026 Quarter

Manish Choudhary

04 November 2026 03:37 PM AEDT

Group 6 Metals Reports Record Ore Throughput of 81,098 Tonnes in September 2026 Quarter

Image Source: Krish Capital Pty Ltd

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Group 6 Metals (ASX:G6M) has disclosed record plant throughput of 81,098 tonnes of ore processed during the September 2026 quarter, up from 77,953 tonnes in the June quarter, alongside cash growth to $54.1 million, as detailed in the company's November 2026 investor presentation including quarterly results.

Key Points

81,098 tonnes of ore processed in the September 2026 quarter, a record, up from 77,953 tonnes in the June quarter
Cash at 30 September 2026 was $54.1 million, up from $49.3 million at 30 June 2026
13,712 MTU WO₃ produced and 12,782 MTU WO₃ sold in the September quarter, generating $35.5 million in sales revenue
A$11.5 million in early debt repayments made, comprising a $10.0 million senior loan prepayment and $1.5 million in bridging loan repayments, ahead of the 30 April 2027 maturity
Full-year FY26 net profit after tax of $148.2 million, compared to a loss of $32.1 million in FY25

September 2026 Quarter Operational Results

The September 2026 quarter delivered record ore throughput of 81,098 tonnes, with monthly feed stable at between 26,500 and 27,900 tonnes. Average feed grade for the quarter was 0.29% WO₃, with grade easing from 0.35% in July to 0.25% in September, reflecting reliance on lower-grade open-cut stockpiles during a transition period. End-of-quarter stockpiles stood at approximately 207,000 tonnes at 0.24% WO₃, containing approximately 49,000 MTU of WO₃. Operating cash flow for the quarter was $14.7 million on $38.1 million of customer receipts. Zero lost time injuries were recorded during the quarter.

FY26 Full-Year Financial Results

Group 6 Metals reported FY26 revenue of $129.0 million, representing a 508.5% increase on the prior year. Gross profit was $85.7 million, compared to a gross loss of $8.5 million in FY25. Net profit after tax reached $148.2 million, against a loss of $32.1 million in FY25. Total assets grew to $209.3 million from $50.9 million, with net assets of $155.1 million compared to net liabilities of $5.1 million in FY25. Cash at 30 June 2026 was $49.3 million, up $41.7 million year-on-year. Total borrowings at FY26 were $21.2 million, a 19.4% reduction on FY25.

Debt Reduction and Plant Upgrade Pipeline

During the September 2026 quarter, Group 6 Metals made a voluntary A$10.0 million principal prepayment across its senior secured facilities, allocated proportionately among lenders, and repaid A$1.5 million of drawn bridging loan principal, bringing total early debt reduction to A$11.5 million ahead of the 30 April 2027 maturity date. The company also disclosed two circuit upgrade projects, each estimated at $3 million to $5 million with timelines of 12 to 18 months: a fourth-stage crushing circuit extension and a Falcon Concentrator installation. The Falcon Concentrator project has moved from conceptual to detailed engineering phase, with test work indicating potential recovery improvement in the ultra-fines circuit from 33% to 42–43%.

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