Stock Analysis

• Davyhurst throughput was 271,900 tonnes in the quarter, down from 328,800 tonnes in the June quarter, a fall of about 17 per cent.

• Indicated Resources are 83.7 million tonnes at 1.54 g/t for 4.1 million ounces, plus Inferred Resources of 19.9 million tonnes at 2.16 g/t for 1.4 million ounces.

• Because FY26 cost of production was $43.3 per pound, any FY27 cost outcome will be a key test of whether higher throughput translates into lower or steadier unit costs.

• Cash was A$2,217 million, down 3%, and net cash was A$1,277 million.

• Cash and gold of A$223.4 million at 30 June 2026 gives the company considerable flexibility to fund development and exploration.

• The fleet sale is expected to return about $150 million over the next year.

• Total cash and bullion was US$900 million at 30 September 2026, comprising US$820 million of cash and 19,049 ounces of bullion valued at US$80 million using aSpot Priceof US$4,176 per ounce.