• Record processing plant throughput of 72,351 tonnes of ore
• Produced 24,146 MTU of WO3 with strong cash generation
• Transition to underground mining underway, with 362kt of ore stockpiles

Group 6 Metals continued to deliver steady operating and financial outcomes in the March 2026 quarter. The company achieved record processing plant throughput of 72,351 tonnes of ore, while maintaining a strong focus on cost control and cash discipline. During the quarter, the company produced 24,146 MTU of WO3 and sold 24,555 MTU, generating revenue of $32.2 million and receiving $25.2 million in customer cash receipts. Cash generated from operating activities was $13.2 million, and the company recorded net cash inflows of $10.9 million for the quarter. The company ended the quarter with $14.4 million in cash, $2.5 million of debt facilities available, and only $0.8 million of debt repayable within the next 12 months. Safety remains a top priority, with the company reaching 365 days LTI-free on 19 March 2026, although one lost time injury was recorded later in the quarter. There were no environmental incidents. The company has fully ceased open-cut mining activity and is focused on the transition to underground mining operations. At the end of the quarter, the company had 362kt of ore stockpiles at an average grade of 0.30% WO3, representing approximately 109,457 MTUs of contained metal. The company has engaged HMR Drilling to provide underground mining services, and is progressing the underground mine re-opening. The company continues to build on its strong relationships with offtake partners, and is well-positioned to generate significant value for shareholders as it focuses on keeping the plant running reliably, progressing the capital and development program for underground mining, and achieving ASX reinstatement.

The company expects to continue generating strong cash flows from operations as it processes existing ore stockpiles and transitions to underground mining, which is planned to commence in Q1 FY27.

The company is focused on keeping the plant running reliably, progressing the capital and development program needed to commence underground mining, continuing to lift its safety and environmental performance, and achieving ASX reinstatement. The company will be releasing further information about the reinstatement in coming weeks.