Quarterly Cashflow Report

• Net cash used in operating activities of $398,000
• Exploration and evaluation expenditure of $3,792,000
• Cash and cash equivalents of $39,336,000 at quarter end

Golden Horse Minerals Limited has released its quarterly cashflow report for the period ended 31 March 2026. The company reported net cash used in operating activities of $398,000, which included payments for exploration and evaluation of $6,000, staff costs of $361,000, and administration and corporate costs of $349,000. The company also reported $318,000 in interest received. In investing activities, the company made payments of $154,000 for property, plant and equipment and $3,792,000 for exploration and evaluation. The company received $15,000 from the exercise of options in financing activities. Overall, the company had cash and cash equivalents of $39,336,000 at the end of the quarter, down from $43,665,000 at the start of the quarter.