Quarterly Cashflow Report to 31 March 2025

• Net cash used in operating activities of $106,000 in the quarter
• Exploration and evaluation expenditure of $7,000 in the quarter
• Closing cash balance of $14,000 and $34,000 in unused financing facilities

Korab Resources Ltd has released its quarterly cash flow report for the period ended 31 March 2025. The company reported net cash used in operating activities of $106,000, which included $113,000 in administration and corporate costs, of which $90,000 were one-off, non-recurrent legal expenses. Exploration and evaluation expenditure during the quarter was $7,000. The company had a closing cash balance of $14,000 and $34,000 in unused financing facilities available. Following the end of the quarter, the company received $61,000 in interest income from Polymetallica Minerals Ltd and $100,000 from the sale of a 2% gold royalty. The company also announced the sale of a mineral lease held by its subsidiary for $4.35 million, which has not settled yet. The company expects lower administration and corporate costs in the subsequent periods and believes it will be able to continue its operations and meet its business objectives based on the additional income received and access to further funding through new share issues, additional loans, and sale of additional gold royalties.

The company expects lower administration and corporate costs in the subsequent periods and believes it will be able to continue its operations and meet its business objectives based on the additional income received and access to further funding through new share issues, additional loans, and sale of additional gold royalties.