• Mining Area C delivered record production volumes, offsetting iron ore price movement
• Gold offtakes delivered record ounces and prices
• Thacker Pass project advanced with funding and production plan expansion

Deterra Royalties Ltd reported its financial results for the first half of 2025, highlighting strong operational performance across its portfolio. The company's flagship Mining Area C royalty delivered record production volumes, offsetting lower realized iron ore prices. Gold offtakes also generated record revenue on the back of higher ounces delivered and strong gold prices. Deterra continued to evaluate value-accretive investment opportunities, with the Thacker Pass lithium project advancing with additional funding and an expanded production plan. The company reported a net profit after tax of $63.9 million and declared a fully franked interim dividend of 9.0 cents per share. Deterra maintained a strong balance sheet, with net debt within its target leverage range and ample liquidity to fund future growth. The company remains focused on disciplined, value-accretive investments to build on its world-class royalty portfolio and deliver sustainable returns to shareholders.

Deterra expects the Mining Area C royalty to continue performing strongly, with the South Flank mine reaching nameplate capacity in the fourth quarter of the 2024 financial year. The company also anticipates the Thacker Pass lithium project to receive full notice to proceed in early 2025, with production targeted for 2027.

Deterra is well-positioned to pursue value-accretive investment opportunities, leveraging its strong cash flow generation, liquidity, and access to capital markets. The company will continue to focus on building a diversified portfolio of high-quality, long-life royalty assets across commodities, geographies, and stages of development.