Quarterly Activities Report
| Stock | VAU.ASX (VAU.ASX) |
|---|---|
| Release Time | 22 Apr 2026, 8:18 a.m. |
| Price Sensitive | Yes |
Quarterly Activities Report for Vault Minerals Limited
- Quarterly production of 78,578 ounces of gold, with sales of 77,707 ounces at an average realised sales price of A$6,987 per ounce and AISC of A$3,006 per ounce
- Stage 1 of the KoTH plant upgrade completed, with Stage 2 upgrade on schedule for Q2 FY27 to deliver a ~50% increase in throughput capacity
- Strong exploration results supporting the target of extending high grade underground mine life at Leonora
Vault Minerals Limited (ASX: VAU) reported its March 2026 Quarterly Activities Report, highlighting solid production results, significant capital investment, and strong free cash flow generation. The company produced 78,578 ounces of gold during the quarter, with sales of 77,707 ounces at an average realised sales price of A$6,987 per ounce and AISC of A$3,006 per ounce. Year-to-date production was 247,203 ounces of gold with sales of 246,981 ounces at an AISC of A$2,909 per ounce. The company is on track to deliver on its FY26 production guidance of 332,000 - 360,000 ounces at AISC between A$2,650 - A$2,850 per ounce. Vault completed Stage 1 of the KoTH plant upgrade in March, with the commissioning of the new crushing circuit, and the Stage 2 upgrade remains on schedule for Q2 FY27, which will provide a ~50% increase in throughput capacity and a ~35% increase in Leonora gold production. The company also reported strong exploration results across its operations, demonstrating the potential to drive life-of-mine extensions. Vault ended the quarter with cash and bullion of $728 million, no debt, and continued to deploy capital through a share buyback program and the announcement of a maiden interim dividend.
Vault is on track to deliver into FY26 guidance of 332,000 to 360,000 ounces at AISC between A$2,650 - A$2,850 per ounce.
The Stage 2 upgrade of the KoTH processing plant is forecast to deliver a ~50% increase in throughput capacity and a ~35% increase in Leonora gold production. Vault's exploration results are supporting the target of extending high grade underground mine life at Leonora to maintain annual production rates of ~235,000 ounces beyond FY28.