Waratah Minerals FY26 H1 loss widens to $20.06 million
Reuters2026/08/20 22:40- Waratah Minerals posted a net loss of $20.06 million, widening from $5.75 million a year earlier.
- Basic and diluted loss per share widened to 6.07 cents from 2.74 cents.
- Exploration and evaluation costs jumped to $19.09 million from $4.32 million.
- Corporate and administrative costs rose to $968,487 from $388,785; personnel costs increased to $395,927 from $210,255.
- Cash and cash equivalents climbed to $57.71 million from $28.63 million.
- Net cash used in operating activities increased to $15.52 million from $4.53 million.
- Completed a A$48 million placement at A$0.62 per share; issued 77,419,355 new shares.
- Advanced an 80,000-meter drilling program at Spur; drilling expanded mineralisation footprints at Spur and Consols.
- Completed acquisition of the Ironclad mining lease in July; paid remaining $900,000 cash consideration.
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