• $86 million in cash and investments as of March 2026
• Extension of term granted for Prospect Ridge Magnesite Project
• Royalty interests in Wiluna West Iron Ore and Gold Duke Projects

GWR Group Ltd, an independent Australian resource company, has reported its quarterly activities and cash flow for the period ending March 2026. The company ended the quarter with a strong cash and investment position of $86 million, including $32.9 million in cash, $4 million in term deposits, and a $48.8 million investment in Tungsten Mining NL (ASX: TGN). GWR also holds a 30.8 million share investment in EMetals Limited (ASX: EMT).The company's key focus during the quarter was on its Prospect Ridge Magnesite Project in northwest Tasmania, where it holds a 70% interest. An extension of term was granted for the project's exploration license, and the company is planning to undertake metallurgical testwork, update the Arthur River Mineral Resource estimate, and commence a scoping study for the Arthur River and Lyons River deposits.GWR also holds royalty interests in the Wiluna West Iron Ore Project, where it has a $2 per dry metric tonne royalty, and the Gold Duke Project, where it has a $10 per troy ounce royalty until 50,000 ounces are produced, and $5 per ounce thereafter. The company continues to engage with the relevant parties to progress the transfer of the Wiluna West Iron Ore Project tenements to Gold Valley.During the quarter, GWR also continued to review potential new project opportunities across various commodities, including gold, copper, silver, and critical minerals, as part of its strategy to identify and execute transformational transactions that can deliver value to shareholders.