• GWR engaged in site visits and technical reviews at Prospect Ridge Magnesite Project.
• Cash reserves at $37 million, with $41 million investment in Tungsten Mining NL.
• Ongoing negotiations for Wiluna tenements transfer to Gold Valley.
• Completed due diligence on potential acquisitions, no significant transactions closed.
• Reiterated confidence in tungsten market, positive outlook for Tungsten Mining NL.

GWR Group Ltd has released its quarterly activities report for June 2026, highlighting several key developments. The company undertook field visits and technical reviews at its Prospect Ridge Magnesite Project in Tasmania, focusing on enhancing resource confidence and project economics. GWR's cash reserves stood at $37 million, with a significant investment of $41 million in Tungsten Mining NL, reflecting the company's strategic interest in the tungsten market. Negotiations with Gold Valley regarding the transfer of the Wiluna tenements continue, with certain royalties and state royalty payments still outstanding. GWR also completed due diligence on potential acquisition opportunities but did not close any significant transactions during the quarter. The company remains confident in the long-term strategic value of its investments, particularly in the tungsten market.

GWR Group Ltd remains optimistic about the future of its mineral projects and strategic investments, particularly in the tungsten market, which is expected to see upward price pressure due to supply constraints.