ASX: CDR · Five-year financial review

Codrus Minerals Limited (ASX: CDR) - Five-Year Financial Review FY2022-FY2026

Codrus is an exploration-stage issuer. The tables compare five 30 June annual periods in Australian dollars, separating statutory losses, balance-sheet stocks, cash movements and exploration activity. Later comparative columns are identified where used.

Five financial years ended 30 June 2022, 30 June 2023, 30 June 2024, 30 June 2025 and 30 June 2026; each is a 12-month period. Cash and balance-sheet measures are as at those dates. Figures are Australian dollars unless otherwise labelled. · Editorial review: 2026-09-24 · MII Research

Reading the tables: 0 (nil) is a supported zero. Other text distinguishes an amount included in another line, a non-applicable item, a separately unavailable component and an unresolved value. These are not interchangeable. Period-specific detail is labelled; complete year-by-year detail remains available.

FY2026 loss attributable to owners

A$1.415m loss

Year ended 30 June 2026; statutory consolidated result.

Cash at 30 June 2026

A$198,094

Consolidated cash and cash equivalents.

Net assets at 30 June 2026

A$41,225

Consolidated total equity.

FY2026 operating cash flow

A$1.797m outflow

Consolidated statutory cash-flow subtotal.

Five years in context

The five financial years ended 30 June 2022 through 30 June 2026. Codrus remained an exploration group and expensed exploration and evaluation activity as incurred, apart from disclosed capitalised acquisition costs. The result is a loss series rather than a producer revenue and margin series.

The portfolio expanded into rare earths and Canadian uranium, then contracted through asset sales and relinquishments. Repeated capital raising funded operations; cash and net assets were much lower at the final balance date. The FY2025 auditor highlighted material going-concern uncertainty, and the FY2026 note describes the funding conditions for its forecast.

Events behind the numbers

FY2022

Exploration programmes

During the year ended 30 June 2022, 5,300m of reverse-circulation drilling at Red Gate extended the reported mineralised strike beyond 900m; Silver Swan South also received nearly 1,500m of diamond drilling.

FY2023

Karloning entry

Codrus acquired the Karloning rare-earth project under a farm-in with Talgomine in November 2022, with cash and share consideration and staged options.

FY2024

Portfolio change

The Silver Swan South gold-rights sale was agreed on 1 February 2024. The proposed ElementX Global acquisition was announced on 5 April 2024 and approved by shareholders on 28 May; the issuer separately said it had secured 100% interests in Jasper Wedge and Nanuk during FY2024.

FY2025

Placement and audit warning

An A$1.24m placement completed on 27 May 2025. The FY2025 auditor drew attention to material uncertainty related to going concern after the year's loss and operating cash outflow.

FY2026

Asset sales before year-end

A Middle Creek sale agreement with Moho was announced on 15 December 2025, and Codrus received Moho shares. Red Gate exploration data was sold on 14 January 2026 after surrender of the tenement. EdgeMet and the proposed placement were post 30 June 2026 events.

FINANCIAL REVIEW / 01

Statutory performance

Codrus recorded statutory losses in all five years. Exploration expense was a major expense line and fell in FY2025 and FY2026 from its FY2024 level. The FY2026 gain on disposal is shown separately from interest income; revenue after FY2022 is not separately presented in the selected P&L tables.

Statutory loss attributable to owners

Loss for the year attributable to owners

AUD; signed statutory result, with losses below zero.

AI-generated presentation · values from Consolidated statement of profit or loss – statutory (continuing operations); no missing values plotted as zero.

Exploration expense

Exploration expenditure (expensed)

AUD; expenses shown as negative values.

AI-generated presentation · values from Consolidated statement of profit or loss – statutory (continuing operations); no missing values plotted as zero.

Consolidated statement of profit or loss – statutory (continuing operations)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue from continuing operations$	0 (nil)	not presented	not presented	not presented	not presented
Other income / interest (issuer line)$	1,087	70,689	367,496	43,755	8,259
Gain on disposal (separate P&L line)$	not presented	not presented	not presented	3,489	235,000
Other income plus separately reported disposal gainAUD	1,087	70,689	367,496	47,244	243,259
Administrative costs$	(267,072)	(209,272)	(175,184)	(47,217)	(164,257)
Consultancy expenses$	(70,758)	(98,977)	(82,828)	(43,234)	(72,713)
Employee benefits expense$	(321,957)	(286,501)	(397,696)	(432,203)	(438,627)
Share based payment expenses$	(735,115)	(448,659)	(61,414)	(64,599)	(68,569)
Occupancy expenses$	(28,833)	(83,639)	(31,840)	(6,562)	(15,751)
Compliance and regulatory expenses$	(69,902)	(80,460)	(72,920)	(74,796)	(76,523)
Insurance expenses$	(38,469)	(44,124)	(41,052)	(40,357)	(47,713)
Exploration expenditure (expensed)$	(2,556,013)	(1,499,005)	(2,599,827)	(1,146,318)	(767,319)
Depreciation expense$	(5,884)	(14,440)	(54,905)	(2,702)	(733)
Gain / (Loss) on fair value of financial assets$	not presented	not presented	not presented	not presented	(4,561)
Finance and interest costs$	(2,192)	(1,738)	(12,521)	(1,548)	(1,472)
Mineral rights acquired — FY2021 comparative only$	0 (nil)	not presented	not presented	not presented	not presented
Debt forgiven (income item)$	0 (nil)	not presented	not presented	not presented	not presented
Loss before income tax$	(4,095,108)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)
Income tax (expense)/benefit$	0 (nil)	0 (nil)	0 (nil)	0	0 (nil)
Loss for the year attributable to owners$	(4,095,108)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)
Total comprehensive loss attributable to owners$	(4,095,108)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)

Currency AUD; scale (units vs thousands) not explicitly stated in the extracted rows and figures are presented as reported. Revenue from continuing operations is reported as '-' (nil) in the FY2022 report's P&L; the FY2023–FY2026 extracted P&L rows do not include a Revenue line and begin with 'Other income'. Expenses are presented in parentheses per source. OCI components and income tax are nil for all five years. Debt forgiven (R000277) and Mineral rights acquired (R000275) appear only in the FY2022 report's FY2021 comparative column. FY2024 Other income includes $300,000 from sale of tenements (R001471). FY2025 Gain on disposal (motor vehicle) is $3,489 (R001641); FY2026 Gain on disposal is $235,000 (R002079).

Revenue is explicitly nil only in FY2022. Later P&L statements begin at Other income without a separate revenue line; 'not presented' must not be read as zero.

FY2022-FY2025 use the issuer's Other income line. FY2026 reports Interest A$8,259 and Gain on disposal A$235,000 on separate lines under the Other Income heading; the gain is not a component of the interest figure. FY2025's A$3,489 motor-vehicle gain is likewise separately shown.

The combined income-side row uses the issuer's single Other income line in FY2022–FY2024 and adds the separately reported disposal gain in FY2025–FY2026. FY2024 Other income already includes A$300,000 from a tenement sale; the report does not reclassify that component as a gain. This combined row is not revenue and must not be added to its component rows.

Basis and presentation notes (26)

Revenue from continuing operations / FY2022 — 0 (nil): FY2022 Revenue from continuing operations: matching issuer evidence R000250 reports this specific measure as nil. Issuer reported a dash for this particular line.
Revenue from continuing operations / FY2023 — not presented: No revenue line in this year's statutory P&L; this does not establish zero revenue.
Revenue from continuing operations / FY2024 — not presented: No revenue line in this year's statutory P&L; this does not establish zero revenue.
Revenue from continuing operations / FY2025 — not presented: No revenue line in this year's statutory P&L; this does not establish zero revenue.
Revenue from continuing operations / FY2026 — not presented: No revenue line in this year's statutory P&L; this does not establish zero revenue.
Gain on disposal (separate P&L line) / FY2022 — not presented: No separate line with this label in the FY2022 statutory P&L.
Gain on disposal (separate P&L line) / FY2023 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Gain on disposal (separate P&L line) / FY2024 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Gain / (Loss) on fair value of financial assets / FY2022 — not presented: No separate line with this label in the FY2022 statutory P&L.
Gain / (Loss) on fair value of financial assets / FY2023 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Gain / (Loss) on fair value of financial assets / FY2024 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Gain / (Loss) on fair value of financial assets / FY2025 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Mineral rights acquired — FY2021 comparative only / FY2022 — 0 (nil): FY2022 Mineral rights acquired — FY2021 comparative only: matching issuer evidence R000274 reports this specific measure as nil. Issuer reported a dash for this particular line.
Mineral rights acquired — FY2021 comparative only / FY2023 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Mineral rights acquired — FY2021 comparative only / FY2024 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Mineral rights acquired — FY2021 comparative only / FY2025 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Mineral rights acquired — FY2021 comparative only / FY2026 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Debt forgiven (income item) / FY2022 — 0 (nil): FY2022 Debt forgiven (income item): matching issuer evidence R000276 reports this specific measure as nil. Issuer reported a dash for this particular line.
Debt forgiven (income item) / FY2023 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Debt forgiven (income item) / FY2024 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Debt forgiven (income item) / FY2025 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Debt forgiven (income item) / FY2026 — not presented: No separate line with this label in this year's statutory P&L; component may be included elsewhere.
Income tax (expense)/benefit / FY2022 — 0 (nil): FY2022 Income tax (expense)/benefit: matching issuer evidence R000280 reports this specific measure as nil. Issuer reported a dash for this particular line.
Income tax (expense)/benefit / FY2023 — 0 (nil): FY2023 Income tax (expense)/benefit: matching issuer evidence R000881 reports this specific measure as nil. Issuer reported a dash for this particular line.
Income tax (expense)/benefit / FY2024 — 0 (nil): FY2024 Income tax (expense)/benefit: matching issuer evidence R001390 reports this specific measure as nil. Issuer reported a dash for this particular line.
Income tax (expense)/benefit / FY2026 — 0 (nil): FY2026 Income tax (expense)/benefit: matching issuer evidence R002107 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Statutory earnings per share – basic and diluted

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Loss used in basic EPS$	(4,095,108)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)
Weighted average ordinary shares (WANOS, basic)shares	75,000,004	75,252,114	93,356,797	169,238,994	206,734,379
Basic and diluted loss per sharecents per share	(5.50)	(3.60)	(3.40)	(1.10)	(0.70)

Extracted from issuer's Earnings per Share note for each year. Diluted loss per share equals basic loss per share because potential ordinary shares are anti-dilutive (R001828). WANOS rose materially across the period reflecting successive equity raisings.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Parent entity statutory profit and total comprehensive loss

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Parent loss for the period after income tax$	(4,288,423)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)
Parent total comprehensive loss for the year$	(4,288,423)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)

Extracted from the Parent Entity Information note in each annual report. Parent result differs slightly from consolidated in FY2022 (parent loss (4,288,423) vs consolidated (4,095,108)) and is identical to consolidated from FY2023 onward where supplied. The parent comparatives are tagged as 'Parent 2023' / 'Parent 2025' per source column headers, not 'year ended.'

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

FINANCIAL REVIEW / 02

Financial position and liquidity

Cash and net assets declined sharply by 30 June 2026. FY2025 and FY2026 statements show cash of A$1,797,923 and A$198,094 respectively, while the FY2026 net asset balance was A$41,225. The FY2025 auditor highlighted a material uncertainty related to going concern; the FY2026 going-concern note describes a forecast conditional on further funding and approvals.

Cash at 30 June

Cash and cash equivalents

AUD; closing cash balances from the five position statements.

AI-generated presentation · values from Consolidated balance sheet summary (statutory); no missing values plotted as zero.

Net assets at 30 June

Net Assets / Total Equity

AUD; year-end equity stock, not a period cash flow.

AI-generated presentation · values from Consolidated balance sheet summary (statutory); no missing values plotted as zero.

Consolidated balance sheet summary (statutory)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and cash equivalents$	4,060,645	1,728,081	2,039,276	1,797,923	198,094
Receivables & other financial assets (current)$	51,625	173,023	135,329	39,305	74,917
Prepayments$	68,109	36,241	43,534	37,953	47,165
Total Current Assets$	4,180,379	1,937,345	2,218,139	1,875,181	320,176
Other financial assets (non-current)$	not presented	22,833	22,833	22,833	0 (nil)
Property, plant and equipment$	34,374	23,410	14,045	1,832	1,099
Exploration & evaluation expenditure$	0 (nil)	0 (nil)	0 (nil)	31,704	0 (nil)
Right-of-use asset$	not presented	0 (nil)	113,849	0 (nil)	not presented
Total Non-Current Assets$	34,374	46,243	150,727	56,369	1,099
Total Assets$	4,214,753	1,983,588	2,368,866	1,931,550	321,275
Trade and other payables$	251,542	204,044	181,039	490,739	232,832
Current provisions$	50,061	68,092	83,233	53,176	47,218
Lease liabilities (current)$	not presented	0 (nil)	43,679	0 (nil)	0 (nil)
Total Current Liabilities$	301,603	272,136	307,951	543,915	280,050
Lease liabilities (non-current)$	not presented	0 (nil)	77,247	0 (nil)	0 (nil)
Total Liabilities$	301,603	272,136	385,198	543,915	280,050
Issued capital$	14,467,686	14,474,455	17,763,948	18,710,726	18,710,726
Reserves$	1,718,216	2,205,875	2,351,289	2,620,770	2,689,339
Accumulated losses$	(12,272,752)	(14,968,878)	(18,131,569)	(19,943,861)	(21,358,840)
Net Assets / Total Equity$	3,913,150	1,711,452	1,983,668	1,387,635	41,225

Sourced from the consolidated statement of financial position in each annual report. FY2022 carrying amount for cash per Note 7 is $4,060,645; the comparative column in the FY2023 balance sheet shows cash at $4,020,607 (a small prior-period reclassification between cash at bank and short term deposits). All values AUD unless noted; nil/dash indicates the issuer-reported nil balance. FY2021 row is reproduced from the FY2022 comparative column.

Position values are year-end stocks. FY2025 comparatives extracted from the FY2026 statement were checked against the original FY2025 balance sheet.

Basis and presentation notes (18)

Other financial assets (non-current) / FY2022 — not presented: The FY2022 consolidated position statement has no separate line for this item.
Other financial assets (non-current) / FY2026 — 0 (nil): FY2026 Other financial assets (non-current): matching issuer evidence R002127 reports this specific measure as nil. Issuer reported a dash for this particular line.
Exploration & evaluation expenditure / FY2022 — 0 (nil): FY2022 Exploration & evaluation expenditure: matching issuer evidence R000383 reports this specific measure as nil. Issuer reported a dash for this particular line.
Exploration & evaluation expenditure / FY2023 — 0 (nil): FY2023 Exploration & evaluation expenditure: matching issuer evidence R000905 reports this specific measure as nil. Issuer reported a dash for this particular line.
Exploration & evaluation expenditure / FY2024 — 0 (nil): FY2024 Exploration & evaluation expenditure: matching issuer evidence R001412 reports this specific measure as nil. Issuer reported a dash for this particular line.
Exploration & evaluation expenditure / FY2026 — 0 (nil): FY2026 Exploration & evaluation expenditure: matching issuer evidence R002131 reports this specific measure as nil. Issuer reported a dash for this particular line.
Right-of-use asset / FY2022 — not presented: The FY2022 consolidated position statement has no separate line for this item.
Right-of-use asset / FY2023 — 0 (nil): FY2023 Right-of-use asset: matching issuer evidence R001415 reports this specific measure as nil. Issuer reported a dash for this particular line.
Right-of-use asset / FY2025 — 0 (nil): FY2025 consolidated balance sheet DB-CDR-FY2025-BS explicitly prints a dash on the Right-of-use asset current-year row; the FY2024 comparative amount remains separate.
Right-of-use asset / FY2026 — not presented: FY2026 balance sheet has no right-of-use asset line.
Lease liabilities (current) / FY2022 — not presented: The FY2022 consolidated position statement has no separate line for this item.
Lease liabilities (current) / FY2023 — 0 (nil): FY2023 Lease liabilities (current): matching issuer evidence R001425 reports this specific measure as nil. Issuer reported a dash for this particular line.
Lease liabilities (current) / FY2025 — 0 (nil): FY2025 consolidated balance sheet DB-CDR-FY2025-BS explicitly prints a dash on the Lease liabilities (current) current-year row; the FY2024 comparative amount remains separate.
Lease liabilities (current) / FY2026 — 0 (nil): FY2026 Lease liabilities (current): matching issuer evidence R001887 reports this specific measure as nil. Issuer reported a dash for this particular line.
Lease liabilities (non-current) / FY2022 — not presented: The FY2022 consolidated position statement has no separate line for this item.
Lease liabilities (non-current) / FY2023 — 0 (nil): FY2023 Lease liabilities (non-current): matching issuer evidence R001429 reports this specific measure as nil. Issuer reported a dash for this particular line.
Lease liabilities (non-current) / FY2025 — 0 (nil): FY2025 consolidated balance sheet DB-CDR-FY2025-BS explicitly prints a dash on the Lease liabilities (non-current) current-year row; the FY2024 comparative amount remains separate.
Lease liabilities (non-current) / FY2026 — 0 (nil): FY2026 Lease liabilities (non-current): matching issuer evidence R001888 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Financial liabilities and contractual maturity profile

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Trade & other payables – carrying amount$	251,542	204,044	181,039	490,739	232,832
Trade & other payables – contractual cash flows < 1 year$	251,542	204,044	181,039	490,739	232,832
Trade & other payables – 2–5 years$	0 (nil)	0 (nil)	0 (nil)	0 (nil)	0 (nil)
Trade & other payables – > 5 years$	0 (nil)	0 (nil)	0 (nil)	0 (nil)	0 (nil)
Lease liabilities – carrying amount$	not presented	not presented	120,926	0 (nil)	0 (nil)
Lease liabilities – contractual cash flows < 1 year$	not presented	not presented	51,775	0 (nil)	0 (nil)
Lease liabilities – contractual cash flows 2–5 years$	not presented	not presented	82,294	0 (nil)	0 (nil)
Total financial liabilities – carrying amount$	251,542	204,044	301,965	490,739	232,832

Liquidity risk schedules show only trade and other payables in FY2022–FY2023, then separately show lease liabilities from FY2024. Earlier lease rows are therefore marked not separately presented, with no nil amount inferred. FY2024 reports A$120,926 lease carrying amount; FY2025 and FY2026 show dashes on the specified lease rows.

Basis and presentation notes (22)

Trade & other payables – 2–5 years / FY2022 — 0 (nil): FY2022 Trade & other payables – 2–5 years: matching issuer evidence R000209 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – 2–5 years / FY2023 — 0 (nil): FY2023 Trade & other payables – 2–5 years: matching issuer evidence R000734 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – 2–5 years / FY2024 — 0 (nil): FY2024 Trade & other payables – 2–5 years: matching issuer evidence R001256 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – 2–5 years / FY2025 — 0 (nil): FY2025 Trade & other payables – 2–5 years: matching issuer evidence R001897 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – 2–5 years / FY2026 — 0 (nil): FY2026 Trade & other payables – 2–5 years: matching issuer evidence R001885 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – > 5 years / FY2022 — 0 (nil): FY2022 Trade & other payables – > 5 years: matching issuer evidence R000210 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – > 5 years / FY2023 — 0 (nil): FY2023 Trade & other payables – > 5 years: matching issuer evidence R000735 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – > 5 years / FY2024 — 0 (nil): FY2024 Trade & other payables – > 5 years: matching issuer evidence R001257 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – > 5 years / FY2025 — 0 (nil): FY2025 Trade & other payables – > 5 years: matching issuer evidence R001898 reports this specific measure as nil. Issuer reported a dash for this particular line.
Trade & other payables – > 5 years / FY2026 — 0 (nil): FY2026 Trade & other payables – > 5 years: matching issuer evidence R001886 reports this specific measure as nil. Issuer reported a dash for this particular line.
Lease liabilities – carrying amount / FY2022 — not presented: The FY2023 liquidity schedule's FY2022 block lists trade and other payables only; no separate lease-liability carrying amount line is shown. This does not establish a nil lease balance.
Lease liabilities – carrying amount / FY2023 — not presented: The FY2023 liquidity schedule's FY2023 block lists trade and other payables only; no separate lease-liability carrying amount line is shown. This does not establish a nil lease balance.
Lease liabilities – carrying amount / FY2025 — 0 (nil): FY2025 liquidity maturity schedule reports dashes across the lease-liability row, including Lease liabilities – carrying amount; DB-CDR-FY2025-tbl-financial-liabilities-row-ll-carry and the saved source table preserve that specific period and maturity band.
Lease liabilities – carrying amount / FY2026 — 0 (nil): FY2026 liquidity maturity schedule reports dashes across the lease-liability row, including Lease liabilities – carrying amount; R001887 and the saved source table preserve that specific period and maturity band.
Lease liabilities – contractual cash flows < 1 year / FY2022 — not presented: The FY2023 liquidity schedule's FY2022 block lists trade and other payables only; no separate lease-liability contractual cash flows < 1 year line is shown. This does not establish a nil lease balance.
Lease liabilities – contractual cash flows < 1 year / FY2023 — not presented: The FY2023 liquidity schedule's FY2023 block lists trade and other payables only; no separate lease-liability contractual cash flows < 1 year line is shown. This does not establish a nil lease balance.
Lease liabilities – contractual cash flows < 1 year / FY2025 — 0 (nil): FY2025 liquidity maturity schedule reports dashes across the lease-liability row, including Lease liabilities – contractual cash flows < 1 year; DB-CDR-FY2025-tbl-financial-liabilities-row-ll-u1 and the saved source table preserve that specific period and maturity band.
Lease liabilities – contractual cash flows < 1 year / FY2026 — 0 (nil): FY2026 liquidity maturity schedule reports dashes across the lease-liability row, including Lease liabilities – contractual cash flows < 1 year; R001888 and the saved source table preserve that specific period and maturity band.
Lease liabilities – contractual cash flows 2–5 years / FY2022 — not presented: The FY2023 liquidity schedule's FY2022 block lists trade and other payables only; no separate lease-liability contractual cash flows 2–5 years line is shown. This does not establish a nil lease balance.
Lease liabilities – contractual cash flows 2–5 years / FY2023 — not presented: The FY2023 liquidity schedule's FY2023 block lists trade and other payables only; no separate lease-liability contractual cash flows 2–5 years line is shown. This does not establish a nil lease balance.
Lease liabilities – contractual cash flows 2–5 years / FY2025 — 0 (nil): FY2025 liquidity maturity schedule reports dashes across the lease-liability row, including Lease liabilities – contractual cash flows 2–5 years; DB-CDR-FY2025-tbl-financial-liabilities-row-ll-25 and the saved source table preserve that specific period and maturity band.
Lease liabilities – contractual cash flows 2–5 years / FY2026 — 0 (nil): FY2026 liquidity maturity schedule reports dashes across the lease-liability row, including Lease liabilities – contractual cash flows 2–5 years; R001887 and the saved source table preserve that specific period and maturity band.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Cash, short-term deposits and interest-rate exposure (issuer narrative)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and cash equivalents$	4,060,645	1,728,081	2,039,276	1,797,923	198,094
Cash-at-bank effective interest range (issuer stated)%	1.05%	0.75%–3.95%	2.16%–4.46%	2.16%–4.46%	Not available in checked reports
Short term deposits$	40,038	101,502	106,127	30,000	30,000
Short term deposits effective interest rate (issuer stated)%	0 (nil)	2.05%	4.10%	4.75%	4.25%
Issuer interest rate risk conclusionnarrative	Exposure to interest rate risk unlikely to be material	Exposure unlikely to be material	Exposure unlikely to be material	Exposure unlikely to be material	Exposure unlikely to be material

Issuer-reported balances from Note 7 (cash) and Note 8 (other receivables/short-term deposits), plus the explicit interest-rate statements from the interest rate risk note in each year. Currency units as extracted; FY2026 dollar amounts are unitless in the source rows but treated as AUD consistent with prior years.

Rate rows are percentages or disclosed ranges; cash and deposit balances are shown separately in dollars. FY2025 cash-at-bank range comes from the FY2025 Note 7 table; its FY2024 comparative clause is truncated. FY2022 and FY2025 short-term-deposit rates rely on explicitly labelled comparatives in later annual records. The FY2026 cash-at-bank range is not available in the checked parsed reports; the final search is closed.

Basis and presentation notes (10)

Cash-at-bank effective interest range (issuer stated) / FY2023 — 0.75%–3.95%: Issuer-stated FY2023 cash-at-bank rate range; no single numeric rate inferred.
Cash-at-bank effective interest range (issuer stated) / FY2024 — 2.16%–4.46%: Issuer-stated FY2024 cash-at-bank rate range; no single numeric rate inferred.
Cash-at-bank effective interest range (issuer stated) / FY2025 — 2.16%–4.46%: FY2025 Note 7 cash table states that cash at bank bears interest between 2.16% and 4.46% (DB-CDR-FY2025-CASH-BANK-RATE, row 9). Its trailing FY2024 comparative clause is truncated in the recovered table; this current-year range is distinct from the 4.75% short-term-deposit rate.
Cash-at-bank effective interest range (issuer stated) / FY2026 — Not available in checked reports: The FY2026 parsed cash/financial-risk material does not establish a cash-at-bank effective interest range. The separate short-term-deposit rate is not substituted. Final search closed on 28 September 2026; this is a limit of the checked parsed reports, not proof of issuer non-disclosure and not a zero.
Short term deposits effective interest rate (issuer stated) / FY2022 — 0 (nil): FY2023 Note 8 expressly says short-term deposits bear 2.05% (2022: Nil); the FY2022 comparative rate is 0%, supported by DB-CDR-RATE-row-std-rate-FY2022, not by the deposit-balance number.
Issuer interest rate risk conclusion / FY2022 — Exposure to interest rate risk unlikely to be material: At 30 June 2022 the Group held $4,060,645 of cash and cash equivalents compared with $7,440,779 in the prior year, and exposure to interest rate changes on these balances is considered unlikely to be material.
Issuer interest rate risk conclusion / FY2023 — Exposure unlikely to be material: At 30 June 2023 the issuer reported A$1,728,081 cash and cash equivalents and considered exposure to interest-rate changes unlikely to be material. Its FY2022 cash comparative differs from the FY2022 current-year presentation; see cash limitation.
Issuer interest rate risk conclusion / FY2024 — Exposure unlikely to be material: At 30 June 2024 the issuer said its main interest-rate risk arose from cash and cash equivalents with variable and fixed rates, and considered the exposure unlikely to be material.
Issuer interest rate risk conclusion / FY2025 — Exposure unlikely to be material: At 30 June 2025 the Group had $1,797,923 (2024: $2,039,276) of cash and cash equivalents and interest rate risk exposure was considered unlikely to be material.
Issuer interest rate risk conclusion / FY2026 — Exposure unlikely to be material: The Group had $198,094 (2025: $1,797,923) of cash and cash equivalents at 30 June 2026, with interest rate exposure unlikely considered material.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

FINANCIAL REVIEW / 03

Cash flows and funding

Operating cash flow was negative throughout the period. Exploration payments sit within operating activities; the FY2026 investing inflow combines tenement and financial-asset sale proceeds less capitalised exploration payments. FY2025 financing inflow is confirmed in the original FY2025 cash-flow table.

Operating cash flow

Net cash from operating activities

AUD; FY2025 original cash-flow table verifies the extracted comparative.

AI-generated presentation · values from Summary of cash flows from operating, investing and financing activities (statutory, consolidated, AUD); no missing values plotted as zero.

Closing cash

Cash and cash equivalents at end of year

AUD; FY2022 reporting includes short-term deposits that differ from the FY2023 comparative cash-at-bank figure.

AI-generated presentation · values from Summary of cash flows from operating, investing and financing activities (statutory, consolidated, AUD); no missing values plotted as zero.

Summary of cash flows from operating, investing and financing activities (statutory, consolidated, AUD)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Net cash from operating activities$	(3,361,333)	(2,190,522)	(1,832,487)	(1,406,012)	(1,796,953)
Net cash from investing activities$	(40,258)	(117,773)	300,000	13,000	197,124
Net cash from financing activities$	21,457	15,769	1,843,682	1,151,659	0 (nil)
Net (decrease)/increase in cash and cash equivalents$	(3,380,134)	(2,292,526)	311,195	(241,353)	(1,599,829)
Cash and cash equivalents at end of year$	4,060,645	1,728,081	2,039,276	1,797,923	198,094

Each row is shown in the issuer's reported unit of dollars. Parentheses denote outflows as presented. Comparatives presented within each annual report use that report's own prior year; the FY2022 column differs slightly between source years: operating subtotal $3,361,333 in both FY2022 and FY2023 reports; investing subtotal $(40,258) per the FY2022 report (R000228) versus $(80,296) per the FY2023 comparative (R000756, reflecting a separate deposits line of $(40,038) per R000754); net decrease in cash $(3,380,134) in the FY2022 report (R000236) versus $(3,420,172) in the FY2023 report (R000764); closing cash $4,060,645 in the FY2022 report (R000240) versus $4,020,607 in the FY2023 comparative (R000768). FY2025 operating/investing subtotals, financing cells, net-change and closing cash are presented in the FY2026 source rows (R001910, R001920, R001923, R001926, R001928, R001932).

FY2022 closing cash includes A$40,038 short-term deposits; the FY2023 report shows A$4,020,607 as its FY2022 cash comparative. FY2025 cash-flow figures are also verified against its original annual statement, whose introductory row is mislabelled 2024 but columns say 2025/2024.

Basis and presentation notes (1)

Net cash from financing activities / FY2026 — 0 (nil): FY2026 Net cash from financing activities: matching issuer evidence R001926 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Exploration and capital expenditure cash movements (statutory, consolidated, AUD)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Payments for exploration and evaluation (operating)$	(2,556,013)	(1,487,631)	(1,079,274)	(823,699)	(1,105,518)
Payments for exploration and evaluation capitalised (investing)$	not presented	not presented	not presented	0 (nil)	(33,315)
Acquisition of mineral tenements (investing)$	0 (nil)	(30,000)	0 (nil)	not presented	not presented
Purchase of property, plant and equipment (investing)$	(40,258)	(3,476)	0 (nil)	not presented	not presented
Sale of tenement (investing)$	not presented	0 (nil)	300,000	0 (nil)	100,000
Proceeds from sale of financial assets (investing)$	not presented	not presented	not presented	0 (nil)	130,439
Proceeds from disposal of motor vehicle (investing)$	not presented	not presented	not presented	13,000	0 (nil)

Payments for exploration and evaluation are reported inside operating activities (not investing) in each year. Investing flows for capitalised exploration, mineral tenement acquisitions and PP&E are shown separately. Outflows are presented in parentheses.

Operating exploration payments differ from capitalised investing payments and period-end exploration assets.

Basis and presentation notes (22)

Payments for exploration and evaluation capitalised (investing) / FY2022 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Payments for exploration and evaluation capitalised (investing) / FY2023 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Payments for exploration and evaluation capitalised (investing) / FY2024 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Payments for exploration and evaluation capitalised (investing) / FY2025 — 0 (nil): FY2025 Payments for exploration and evaluation capitalised (investing): matching issuer evidence R001918 reports this specific measure as nil. Issuer reported a dash for this particular line.
Acquisition of mineral tenements (investing) / FY2022 — 0 (nil): FY2022 Acquisition of mineral tenements (investing): matching issuer evidence R000750 reports this specific measure as nil. Issuer reported a dash for this particular line.
Acquisition of mineral tenements (investing) / FY2024 — 0 (nil): FY2024 Acquisition of mineral tenements (investing): matching issuer evidence R001281 reports this specific measure as nil. Issuer reported a dash for this particular line.
Acquisition of mineral tenements (investing) / FY2025 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Acquisition of mineral tenements (investing) / FY2026 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Purchase of property, plant and equipment (investing) / FY2024 — 0 (nil): FY2024 Purchase of property, plant and equipment (investing): matching issuer evidence R001283 reports this specific measure as nil. Issuer reported a dash for this particular line.
Purchase of property, plant and equipment (investing) / FY2025 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Purchase of property, plant and equipment (investing) / FY2026 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Sale of tenement (investing) / FY2022 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Sale of tenement (investing) / FY2023 — 0 (nil): FY2023 Sale of tenement (investing): matching issuer evidence R001288 reports this specific measure as nil. Issuer reported a dash for this particular line.
Sale of tenement (investing) / FY2025 — 0 (nil): FY2025 Sale of tenement (investing): matching issuer evidence R001914 reports this specific measure as nil. Issuer reported a dash for this particular line.
Proceeds from sale of financial assets (investing) / FY2022 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Proceeds from sale of financial assets (investing) / FY2023 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Proceeds from sale of financial assets (investing) / FY2024 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Proceeds from sale of financial assets (investing) / FY2025 — 0 (nil): FY2025 Proceeds from sale of financial assets (investing): matching issuer evidence R001916 reports this specific measure as nil. Issuer reported a dash for this particular line.
Proceeds from disposal of motor vehicle (investing) / FY2022 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Proceeds from disposal of motor vehicle (investing) / FY2023 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Proceeds from disposal of motor vehicle (investing) / FY2024 — not presented: No separate cash-flow line for this named investing component in the current-year consolidated statement; do not infer a zero cash movement.
Proceeds from disposal of motor vehicle (investing) / FY2026 — 0 (nil): FY2026 Proceeds from disposal of motor vehicle (investing): matching issuer evidence R001911 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Equity issuance and financing flows (statutory, consolidated, AUD)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025
Proceeds from issue of shares and other equity securities$	0 (nil)	37,500	2,006,800	1,240,406
Share issue transaction costs$	21,457	(21,731)	(163,118)	(88,747)
Net cash inflow from financing activities$	21,457	15,769	1,843,682	1,151,659

All material financing inflows across the period have come from share issuances; no debt issuance/repayment lines are reported. Outflows are shown in parentheses. FY2022 share issue transaction costs row carries a value-versus-sign conflict noted in R000232/R000760.

Basis and presentation notes (4)

Proceeds from issue of shares and other equity securities / FY2022 — 0 (nil): FY2022 Proceeds from issue of shares and other equity securities: matching issuer evidence R000230 reports this specific measure as nil. Issuer reported a dash for this particular line.
Proceeds from issue of shares and other equity securities / FY2026 — 0 (nil): FY2026 Proceeds from issue of shares and other equity securities: matching issuer evidence R001924 reports this specific measure as nil. Issuer reported a dash for this particular line.
Share issue transaction costs / FY2026 — 0 (nil): FY2026 Share issue transaction costs: matching issuer evidence R001925 reports this specific measure as nil. Issuer reported a dash for this particular line.
Net cash inflow from financing activities / FY2026 — 0 (nil): FY2026 Net cash inflow from financing activities: matching issuer evidence R001926 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

FINANCIAL REVIEW / 04

Equity and shareholder returns

No dividend was paid or recommended in the five annual periods. Equity placements supplied cash in FY2024 and FY2025, while FY2026 reported no share-issue proceeds before 30 June. The FY2023 A$30,000 equity-settled tenement-share transaction is presented separately from cash share issuance; a further placement announced after 30 June 2026 is outside FY2026 cash flows.

Closing issued capital

Closing issued capital ($)

AUD carrying balance, not gross proceeds during a year.

AI-generated presentation · values from Ordinary shares on issue and issued capital dollar balance; no missing values plotted as zero.

Ordinary shares on issue and issued capital dollar balance

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Opening number of ordinary sharesshares	75,000,004	75,000,004	75,430,004	165,387,504	206,734,379
Shares issued during the yearshares	0 (nil)	430,000	89,957,500	41,346,875	0 (nil)
Closing number of ordinary sharesshares	75,000,004	75,430,004	165,387,504	206,734,379	206,734,379
Closing issued capital ($)$	14,467,686	14,474,455	17,763,948	18,710,726	18,710,726
Transaction costs charged to issued capital$	21,457	(23,231)	(247,187)	(293,628)	0 (nil)

Share count sourced from contributed equity movement tables and Note 14(a) issued capital disclosures. Dollar values are reported in the table unit ($). AUD is confirmed in the statement of changes in equity column headers; in Note 14(a) row labels (G00034, G00080) currency is not explicitly stated in source but is inferred as AUD per reporting entity convention. Comparative columns represent prior-year closing balances carried into the next year's opening balance. FY2022 closing share count of 75,000,004 is unchanged from FY2021 opening (no new shares issued in FY2022; R000133, R000138). FY2025 jump reflects the 28 May 2025 placement of 41,346,875 shares at $0.03 raising $1,240,406 before costs (R001608, R002024, R002025). Note numbering varies across years (e.g., FY2026 uses Note 13 for reserves; FY2025 uses Note 18).

Annual issued share counts include non-cash tenement consideration and performance-right conversion where present. FY2024 sums seven dated movement rows; cash issuance proceeds belong to the financing table, not the share-count row.

Basis and presentation notes (3)

Shares issued during the year / FY2022 — 0 (nil): FY2022 issued-capital movements show 75,000,004 shares both opening and closing, with transaction costs only; R000138 states no new shares issued and DB-CDR-FY2022-SHARES preserves the original rollforward.
Shares issued during the year / FY2026 — 0 (nil): FY2026 Shares issued during the year: matching issuer evidence R002031 reports this specific measure as nil. Issuer reported a dash for this particular line.
Transaction costs charged to issued capital / FY2026 — 0 (nil): FY2026 Transaction costs charged to issued capital: matching issuer evidence R002180 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Statement of changes in equity movements (issued capital, reserves, accumulated losses, total)

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Loss after income tax expense for the year$	(4,095,108)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)
Cash share issuance recognised in issued capital$	0 (nil)	see non-cash transaction	2,006,800	1,240,406	0 (nil)
Share-based payment recognised in reserves$	735,115	487,659	not separately presented	64,599	68,569
Shares issued on farm-in agreement$	not presented	30,000	145,414	not presented	not presented
Closing total equity$	3,913,150	1,711,452	1,983,668	1,387,635	41,225

Dollar values in AUD per FY2023 column header. FY2022 and FY2023 columns extracted from G00032; FY2024 column extracted from G00056; FY2025 column extracted from G00086; FY2026 column extracted from G00086. Negative values presented in parentheses per source convention. No income tax amount disclosed within the statement of changes in equity for any year (R001468 flag).

The cash share-issuance line is separate from the FY2023 equity-settled A$30,000 tenement-share transaction shown in the one-year table below. Do not compare these as one issuance basis.

The FY2023 farm-in issuance is A$30,000 of non-cash issued capital (430,000 shares), verified in the issued-capital note despite merged rows in the changes-in-equity extraction. FY2024 presents A$1,529,880 share-based transactions in issued capital and A$145,414 on a distinct farm-in-labelled option-reserve line; the latter is not duplicated as the share-based payment reserve movement.

Basis and presentation notes (7)

Cash share issuance recognised in issued capital / FY2022 — 0 (nil): FY2022 issued-capital movements show 75,000,004 shares both opening and closing, with transaction costs only; R000138 states no new shares issued and DB-CDR-FY2022-SHARES preserves the original rollforward.
Cash share issuance recognised in issued capital / FY2023 — see non-cash transaction: FY2023 A$30,000 is an equity-settled, non-cash tenement-share transaction, displayed separately below; it is not comparable with FY2024/FY2025 cash share issuance.
Cash share issuance recognised in issued capital / FY2026 — 0 (nil): FY2026 Cash share issuance recognised in issued capital: matching issuer evidence R002176 reports this specific measure as nil. Issuer reported a dash for this particular line.
Share-based payment recognised in reserves / FY2024 — not separately presented: The FY2024 changes-in-equity table places A$1,529,880 share-based transactions in issued capital and A$145,414 on a separately farm-in-labelled option-reserve line. Do not count the latter twice as share-based payment recognised in reserves.
Shares issued on farm-in agreement / FY2022 — not presented: The selected FY2022 statement of changes in equity does not separately present a farm-in share issuance. No nil amount is inferred.
Shares issued on farm-in agreement / FY2025 — not presented: The selected FY2025 statement of changes in equity does not separately present a farm-in share issuance. No nil amount is inferred.
Shares issued on farm-in agreement / FY2026 — not presented: The selected FY2026 statement of changes in equity does not separately present a farm-in share issuance. No nil amount is inferred.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Equity reserve movements – option and performance rights reserves

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Option reserve opening balance$	946,115	946,115	1,020,789	1,104,789	1,374,270
Listed options movement$	0 (nil)	39,000	84,000	0 (nil)	0 (nil)
Unlisted options movement$	0 (nil)	35,674	0 (nil)	64,599	68,569
Cost of issue (option reserve)$	not presented	not presented	not presented	204,882	0 (nil)
Total unlisted option reserve (closing)$	946,115	1,020,789	1,104,789	1,374,270	1,442,839
Performance rights reserve opening balance$	36,986	772,101	1,185,086	1,246,500	1,246,500
Performance rights reserve movement (issue/amortisation)$	735,115	412,985	61,414	0 (nil)	0 (nil)
Performance rights reserve closing balance$	772,101	1,185,086	1,246,500	1,246,500	1,246,500
Total reserves closing balance$	1,718,216	2,205,875	2,351,289	2,620,770	2,689,339

Reserve balances extracted from G00044 (FY2022, FY2023), G00062 (Note 18, FY2024 detailed sub-reserve movement), G00066 (FY2025 Note 18) and G00094 (FY2026 Note 13 comparative). Note numbering varies across years (e.g., FY2026 uses Note 13 for reserves; FY2025 uses Note 18). FY2024 sub-reserve detail available via G00062: option reserve opening $1,020,789 (R001582), listed options $84,000 (R001583), unlisted options nil (R001584), closing $1,104,789 (R001585); performance rights reserve opening $1,185,086 (R001586), amortisation $61,414 (R001587), closing $1,246,500 (R001588); total reserves closing $2,351,289 (R001589). Foreign currency translation reserve nil in all years. FY2024 closing total reserves of $2,351,289 reconciles to FY2025 comparative balance of $2,351,289 (R001703).

A separate option-reserve cost-of-issue line is absent from FY2022–FY2024 rollforwards and appears in FY2025 at A$204,882; earlier cells show not separately presented, not nil.

Basis and presentation notes (11)

Listed options movement / FY2022 — 0 (nil): FY2022 Listed options movement: matching issuer evidence R001032 reports this specific measure as nil. Issuer reported a dash for this particular line.
Listed options movement / FY2025 — 0 (nil): FY2025 Listed options movement: matching issuer evidence R001695 reports this specific measure as nil. Issuer reported a dash for this particular line.
Listed options movement / FY2026 — 0 (nil): FY2026 Listed options movement: matching issuer evidence R002311 reports this specific measure as nil. Issuer reported a dash for this particular line.
Unlisted options movement / FY2022 — 0 (nil): FY2022 Unlisted options movement: matching issuer evidence R001034 reports this specific measure as nil. Issuer reported a dash for this particular line.
Unlisted options movement / FY2024 — 0 (nil): FY2024 Unlisted options movement: matching issuer evidence DB-CDR-FY2024-tbl-reserve-movements-row-opt-unlisted reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
Cost of issue (option reserve) / FY2022 — not presented: The FY2022 option-reserve rollforward has no separate cost-of-issue line; this is a presentation difference from FY2025, not a reported nil amount.
Cost of issue (option reserve) / FY2023 — not presented: The FY2023 option-reserve rollforward has no separate cost-of-issue line; this is a presentation difference from FY2025, not a reported nil amount.
Cost of issue (option reserve) / FY2024 — not presented: The FY2024 option-reserve rollforward has no separate cost-of-issue line; this is a presentation difference from FY2025, not a reported nil amount.
Cost of issue (option reserve) / FY2026 — 0 (nil): FY2026 Cost of issue (option reserve): matching issuer evidence R002315 reports this specific measure as nil. Issuer reported a dash for this particular line.
Performance rights reserve movement (issue/amortisation) / FY2025 — 0 (nil): FY2025 Performance rights reserve movement (issue/amortisation): matching issuer evidence R001700 reports this specific measure as nil. Issuer reported a dash for this particular line.
Performance rights reserve movement (issue/amortisation) / FY2026 — 0 (nil): FY2026 Performance rights reserve movement (issue/amortisation): matching issuer evidence R002321 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

FY2023 non-cash tenement-share transaction

AUD

Metric	FY2023
Equity-settled share-based payment transaction	30,000

The FY2023 statement of changes in equity calls this an equity-settled share-based payment transaction. The issued-capital movement table shows 430,000 shares for A$30,000; cash-flow proceeds from shares and other equity securities are a distinct A$37,500 line.

Source: Codrus FY2023 annual report issued-capital movement and FY2024 comparative equity statement.

FINANCIAL REVIEW / 05

Exploration and operating footprint

Codrus was an exploration group during these periods. The segment table and statutory table differ in FY2026 because an A$65,019 option-fee write-off sits outside the A$702,300 segment-allocated subtotal; the P&L and Note 7 total is A$767,319. No production, sales-volume, realised-price or unit-cost series is added. Mineral rights, portfolio disposals and the proposed EdgeMet transaction are dated separately so subsequent events are not treated as year-end assets.

Statutory exploration expense

AUD

Statutory exploration expense (P&L)

AUD; consistent P&L expense basis. The FY2026 segment-allocated subtotal is A$65,019 lower due to a separately disclosed option-fee write-off.

AI-generated presentation · values from Exploration and evaluation expenditure and activity; no missing values plotted as zero.

Segment loss before income tax by geography

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Australia segment net result before income taxAUD	(1,932,139)	(1,411,809)	(2,253,761)	(494,398)	121,297
United States / North America segment net result before income taxAUD reporting dollars	(624,051)	(87,196)	(47,674)	(648,431)	(653,616)
CorporateAUD	(1,538,918)	(1,197,121)	(861,256)	(669,463)	(882,660)
Total segment (loss) before income taxAUD	(4,095,108)	(2,696,126)	(3,162,691)	(1,812,292)	(1,414,979)

The FY2025 issuer policy states that the financial statements are presented in Australian dollars (R001622). The original segment table's 'United States $' column denotes geography under a common '$' presentation and reconciles to the AUD consolidated result. Frozen R001712 USD metadata remains preserved in evidence.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Exploration and evaluation expenditure and activity

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Exploration expenditure — AustraliaAUD	(1,932,139)	(1,411,809)	(2,553,761)	(497,887)	(113,703)
Exploration expenditure — United States / North AmericaAUD reporting dollars	(623,874)	(87,196)	(46,066)	(648,431)	(588,597)
Segment-allocated exploration expenditureAUD	(2,556,013)	(1,499,005)	(2,599,827)	(1,146,318)	(702,300)
E&E expenditure additions (at cost) — Mineral rights acquiredAUD	2,556,013	1,499,005	2,599,827	31,704	33,315
Statutory exploration expense (P&L)AUD	(2,556,013)	(1,499,005)	(2,599,827)	(1,146,318)	(767,319)

The segment row is the amount allocated to operating segments. In FY2026 it is A$702,300, while statutory P&L and Note 7 report A$767,319; the A$65,019 option-fee write-off shown in Note 7 explains the difference. The chart uses the statutory expense row for a consistent five-year basis. FY2025 United States segment expenditure follows the issuer's Australian-dollar presentation policy (R001622); frozen R001709 USD metadata is preserved in evidence.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Exploration cost detail (FY2025 comparative and FY2026)

AUD, dollars unless row specifies otherwise

Metric	FY2025	FY2026
AssayingAUD	26,446	77,693
Drilling servicesAUD	411,654	233,685
Earthworks and access clearingAUD	30,542	0 (nil)
Geochemical samplingAUD	63,894	0 (nil)
Geological studiesAUD	188,947	190,652
Tenement fees and ratesAUD	156,239	54,868
Equipment and vehicle hireAUD	103,418	54,813
Staff costsAUD	113,659	46,778
Exclusivity feeAUD	0 (nil)	25,000
Exploration write-off — Option feesAUD	0 (nil)	65,019
OtherAUD	51,519	18,811
Total exploration and evaluation expenditureAUD	1,146,318	767,319

Component breakdown from Note 7 'Exploration Expenditure'. Only FY2025 and FY2026 are supplied in granular form. Comparative FY2025 column reproduced from the FY2026 report.

Basis and presentation notes (4)

Earthworks and access clearing / FY2026 — 0 (nil): FY2026 Earthworks and access clearing: matching issuer evidence R001937 reports this specific measure as nil. Issuer reported a dash for this particular line.
Geochemical sampling / FY2026 — 0 (nil): FY2026 Geochemical sampling: matching issuer evidence R001941 reports this specific measure as nil. Issuer reported a dash for this particular line.
Exclusivity fee / FY2025 — 0 (nil): FY2025 Exclusivity fee: matching issuer evidence R001950 reports this specific measure as nil. Issuer reported a dash for this particular line.
Exploration write-off — Option fees / FY2025 — 0 (nil): FY2025 Exploration write-off — Option fees: matching issuer evidence R001952 reports this specific measure as nil. Issuer reported a dash for this particular line.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Segment assets and liabilities at year end

AUD, dollars unless row specifies otherwise

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Australia segment assetsAUD	0 (nil)	0 (nil)	0 (nil)	0 (nil)	0 (nil)
United States / North America segment assetsAUD reporting dollars	0 (nil)	0 (nil)	0 (nil)	31,704	0 (nil)
Corporate segment assetsAUD	4,214,753	1,983,588	2,368,866	1,899,846	321,275
Total segment assetsAUD	4,214,753	1,983,588	2,368,866	1,931,550	321,275
Australia segment liabilitiesAUD	(87,649)	(69,536)	(26,693)	(9,798)	0 (nil)
Corporate segment liabilitiesAUD	(213,954)	(202,600)	(358,505)	(134,118)	(280,050)
Total segment liabilitiesAUD	(301,603)	(272,136)	(385,198)	(543,915)	(280,050)

The FY2025 issuer policy states that the financial statements are presented in Australian dollars (R001622). The original segment table's 'United States $' column denotes geography and its assets sum to the consolidated AUD balance sheet. Frozen R001715 USD metadata remains preserved in evidence.

The FY2026 segment liabilities row reports Australia and North America as dashes and Corporate and Total as (A$280,050). The total is rendered with its source sign.

Basis and presentation notes (10)

Australia segment assets / FY2022 — 0 (nil): FY2022 Australia segment assets: matching issuer evidence DB-CDR-FY2022-tbl-segment-assets-liab-row-aus-asset reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
Australia segment assets / FY2023 — 0 (nil): FY2023 Australia segment assets: matching issuer evidence DB-CDR-FY2023-tbl-segment-assets-liab-row-aus-asset reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
Australia segment assets / FY2024 — 0 (nil): FY2024 Australia segment assets: matching issuer evidence DB-CDR-FY2024-tbl-segment-assets-liab-row-aus-asset reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
Australia segment assets / FY2025 — 0 (nil): FY2025 Australia segment assets: matching issuer evidence R002230 reports this specific measure as nil. Issuer reported a dash for this particular line.
Australia segment assets / FY2026 — 0 (nil): FY2026 Australia segment assets: matching issuer evidence R002208 reports this specific measure as nil. Issuer reported a dash for this particular line.
United States / North America segment assets / FY2022 — 0 (nil): FY2022 United States / North America segment assets: matching issuer evidence DB-CDR-FY2022-tbl-segment-assets-liab-row-us-asset reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
United States / North America segment assets / FY2023 — 0 (nil): FY2023 United States / North America segment assets: matching issuer evidence DB-CDR-FY2023-tbl-segment-assets-liab-row-us-asset reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
United States / North America segment assets / FY2024 — 0 (nil): FY2024 United States / North America segment assets: matching issuer evidence DB-CDR-FY2024-tbl-segment-assets-liab-row-us-asset reports this specific measure as nil. Dash in this specific source row and segment or maturity column.
United States / North America segment assets / FY2026 — 0 (nil): FY2026 United States / North America segment assets: matching issuer evidence R002209 reports this specific measure as nil. Issuer reported a dash for this particular line.
Australia segment liabilities / FY2026 — 0 (nil): FY2026 segment table's Total segment liabilities row has a dash in Australia, a dash in North America, and (280,050) in Corporate and Total (DB-CDR-FY2026-SEGMENT); 0 is the supported Australia segment cell.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Project portfolio and material events

Project status

Metric	FY2022	FY2023	FY2024	FY2025	FY2026
Red Gate Gold Project (WA; tenement surrendered FY2026)Project status (qualitative)	Maiden and follow-up RC drilling	Mapping and sampling, drill evaluation	Soil sampling and mapping	Tenement held at 30 June 2025	Surrendered tenement and sold data
Silver Swan South (WA; FY2024 gold-rights sale)Project status (qualitative)	Diamond drilling and drone magnetics	Drone magnetics and Ultrafine soil	Gold rights sold; NSR	Not available in checked reports	Not available in checked reports
Middle Creek Gold Project (WA; sold FY2026)Project status (qualitative)	Trenching and tenement applications	Trenching and additional tenements	Soil sampling (342 samples)	Held; no near-term work planned	Disposed; $135,000 gain
Bull Run Gold/Copper Project (Oregon, USA)Project status (qualitative)	DCIP survey and permitting	DCIP refinement and permitting	Dias Geophysical 3D DCIP survey	Record Mine option extended	1,050m drilling; option-related write-off
Karloning REE Project (WA, JV with Talgomine)Project status (qualitative)	Not applicable	Acquired; 1,906m RC drilling	Air-core drilling	Withdrew from Fleet Street JV	Desktop Ta-Nb review
Jasper Wedge Uranium Project (Saskatchewan)Project status (qualitative)	Not applicable	Not applicable	100% interest secured; ElementX deal approved	Soil and rock chip assays	Desktop interpretation only
Nanuk Uranium Project (Quebec)Project status (qualitative)	Not applicable	Not applicable	100% interest secured; ElementX deal approved	Listed in tenement schedule	No field activity
EdgeMet acquisition (post balance date)Project status (qualitative)	Not applicable	Not applicable	Not applicable	Not applicable	Binding agreement post balance date

Material projects, divestments and corporate events across FY2022–FY2026, drawn from Directors' Reports and segment notes. The FY2026 portfolio was rationalised to focus on Bull Run, with EdgeMet announced post balance date.

FY2025 Red Gate, Middle Creek and Nanuk entries use the FY2025 project-tenement schedule; the schedule establishes listing/tenure, not exploration activity. No new Silver Swan South activity or disposition is established for FY2025–FY2026 in the checked parsed reports. The historical FY2024 gold-rights sale is not carried forward as a new event or treated as disposal of every retained right.

Basis and presentation notes (40)

Red Gate Gold Project (WA; tenement surrendered FY2026) / FY2022 — Maiden and follow-up RC drilling: During the year the company completed 5,300 metres of reverse circulation drilling at the Red Gate Gold Project and increased strike extent of mineralisation to over 900m, and completed nearly 1,500 metres of diamond drilling at the wholly owned Silver Swan South Project.
Red Gate Gold Project (WA; tenement surrendered FY2026) / FY2023 — Mapping and sampling, drill evaluation: The issuer stated that during the year at Red Gate, mapping and sampling of new areas were completed and further drilling at Porphyry North and West is being evaluated.
Red Gate Gold Project (WA; tenement surrendered FY2026) / FY2024 — Soil sampling and mapping: During the year, soil sampling and mapping were completed at the Red Gate Gold Project in the eastern goldfields of WA, targeting gold mineralisation and areas of mapped tourmaline.
Red Gate Gold Project (WA; tenement surrendered FY2026) / FY2025 — Tenement held at 30 June 2025: The FY2025 issuer project schedule lists Red Gate E31/1096 in Western Australia at 100% interest. It does not by itself establish FY2025 exploration activity.
Red Gate Gold Project (WA; tenement surrendered FY2026) / FY2026 — Surrendered tenement and sold data: In January 2026 the Group entered into a Data Acquisition Agreement for the Red Gate Project; on 14 January 2026 the Group surrendered tenement E31/1096 and completed the sale of associated exploration data for total cash consideration of $100,000 (GST exclusive).
Silver Swan South (WA; FY2024 gold-rights sale) / FY2022 — Diamond drilling and drone magnetics: At Silver Swan South (100% interest, 7 tenements, 45.2 km², ~40 km NE of Kalgoorlie), a maiden 4-hole diamond drilling program totalling 1,464 m was completed and a drone magnetic survey was finished to refine structural interpretation for future drill targeting.
Silver Swan South (WA; FY2024 gold-rights sale) / FY2023 — Drone magnetics and Ultrafine soil: The issuer reported Silver Swan South activities during the year comprising a September 2022 quarter drone magnetic survey and a 435-sample soil program using Labwest Ultrafine methodology to see through cover and inform future drill targeting.
Silver Swan South (WA; FY2024 gold-rights sale) / FY2024 — Gold rights sold; NSR: On 1 February 2024 the Company executed a binding sale agreement with FMR Investment Pty Ltd to divest gold rights at Silver Swan South for cash consideration of $300,000; Codrus retained nickel and base metal rights and a 2.5% Net Smelter Return royalty after 5,000oz of gold production, capped at $2,700,000.
Silver Swan South (WA; FY2024 gold-rights sale) / FY2025 — Not available in checked reports: The FY2025/FY2026 parsed operating review does not establish a new Silver Swan South activity or disposition. The historical gold-rights sale is not carried forward as a new annual event and retained rights are not assumed disposed. Final search closed on 28 September 2026; this is a limit of the checked parsed reports, not proof of issuer non-disclosure and not a zero.
Silver Swan South (WA; FY2024 gold-rights sale) / FY2026 — Not available in checked reports: The FY2025/FY2026 parsed operating review does not establish a new Silver Swan South activity or disposition. The historical gold-rights sale is not carried forward as a new annual event and retained rights are not assumed disposed. Final search closed on 28 September 2026; this is a limit of the checked parsed reports, not proof of issuer non-disclosure and not a zero.
Middle Creek Gold Project (WA; sold FY2026) / FY2022 — Trenching and tenement applications: At Middle Creek (95–100% interest, 21 granted licences, 37.4 km², ~185 km north of Newman), infill soil sampling identified robust anomalous gold zones, a project-wide geochemical review informed a completed surface trenching program across the Major, Rangi, Dolores, Horse, Boris and Spud anomalies, nine of eleven trenches were mapped and sampled with assays pending, and 12 new tenement applications were lodged (seven contiguous west and five south of current holdings).
Middle Creek Gold Project (WA; sold FY2026) / FY2023 — Trenching and additional tenements: The issuer reported Middle Creek FY2023 activities comprising trenching results in the Nullagine gold mining area and the lodgement of applications for 12 additional tenements to expand its strategic footprint in the Nullagine Gold Mining Centre.
Middle Creek Gold Project (WA; sold FY2026) / FY2024 — Soil sampling (342 samples): During the year, the issuer reported completion of a soil sampling program of 342 samples on recently granted tenements at the Middle Creek Gold Project in the Pilbara, WA, to aid ongoing evaluation and drill targeting.
Middle Creek Gold Project (WA; sold FY2026) / FY2025 — Held; no near-term work planned: The FY2025 schedule lists Middle Creek prospecting licences at 95% interest. The issuer said no near-term exploration was planned there while it focused on Bull Run.
Middle Creek Gold Project (WA; sold FY2026) / FY2026 — Disposed; $135,000 gain: During the period the Company disposed of prospecting licences comprising the Middle Creek Project, receiving 15,000,000 fully paid ordinary shares in Moho Resources Limited (ASX: MOH), recognised at fair value at disposal date, resulting in a $135,000 gain on disposal of exploration assets in the statement of profit or loss; listed financial assets were also disposed for $130,439 in cash.
Bull Run Gold/Copper Project (Oregon, USA) / FY2022 — DCIP survey and permitting: At Bull Run (Baker County, Oregon, USA), 12 additional mineral claims were pegged identifying the new Koski mineralised zone, and a 3D DCIP resistivity/IP survey was completed over 5.75 km² by Dias Geophysical, with resolution to ~400 m depth, modern surveying of accessible underground workings, and preliminary drill permitting continuing with the US Forest Service.
Bull Run Gold/Copper Project (Oregon, USA) / FY2023 — DCIP refinement and permitting: The issuer reported that to test identified disseminated pyrite and chalcopyrite mineralisation amenable to pole-dipole IP, Dias Geophysical was contracted to conduct a low-noise deep 3D DCIP survey over 5.75km² at Bull Run, with datasets used to refine drill hole placement alongside drone magnetics and a site visit mapping outcrop and historical workings.
Bull Run Gold/Copper Project (Oregon, USA) / FY2024 — Dias Geophysical 3D DCIP survey: The issuer reported that Dias Geophysical was contracted to conduct a low-noise deep 3D DCIP (Direct Current resistivity and Induced Polarisation) survey over 5.75km² at the Bull Run Copper-Gold Project to test disseminated pyrite and chalcopyrite mineralisation, with the datasets used to refine drill hole placement; drone magnetics were also flown over key areas and a site visit completed.
Bull Run Gold/Copper Project (Oregon, USA) / FY2025 — Record Mine option extended: During the year the Company signed an extension agreement for the Record Mine option, extending the option fee payment by one additional term from 1 February 2025 to 31 January 2026, with a right to extend for a further one year; owners retain a 1.5% Net Smelter Royalty.
Bull Run Gold/Copper Project (Oregon, USA) / FY2026 — 1,050m drilling; option-related write-off: During FY2026 Codrus drilled three diamond core holes totalling 1,050m at Bull Run (R001740). A separate issuer claim attributes a period exploration write-off to expiry of the renewal date for 11 Record Mine option claims, with negotiations ongoing and 79 other Bull Run claims retained (R001819).
Karloning REE Project (WA, JV with Talgomine) / FY2022 — Not applicable: Karloning entry occurred in November 2022, within FY2023.
Karloning REE Project (WA, JV with Talgomine) / FY2023 — Acquired; 1,906m RC drilling: Codrus acquired Karloning in November 2022 (R000558). During FY2023 it completed 13 RC drill holes totalling 1,906m (R000575). The additional-tenure event dated August 2023 in R000558 is after the 30 June 2023 balance date and is not described as FY2023 activity.
Karloning REE Project (WA, JV with Talgomine) / FY2024 — Air-core drilling: At the Karloning REE Project, the issuer reported completion of an air core drilling program in August 2023 comprising 80 holes for 1,308m, drilled to a depth of up to 54m with an average hole depth of 16m, testing shallow clay-hosted mineralisation on E70/5339 and E70/6306.
Karloning REE Project (WA, JV with Talgomine) / FY2025 — Withdrew from Fleet Street JV: Codrus has elected to withdraw from its agreement with Fleet Street Holdings on part of the Karloning Rare Earth Element (REE) Project to redirect resources toward higher-priority gold assets.
Karloning REE Project (WA, JV with Talgomine) / FY2026 — Desktop Ta-Nb review: The Company commenced a detailed desktop review of historical data at the Karloning REE Project to guide the design of an overlimit re-assay program focused on tantalum and niobium mineralisation.
Jasper Wedge Uranium Project (Saskatchewan) / FY2022 — Not applicable: These uranium projects entered the portfolio in FY2024.
Jasper Wedge Uranium Project (Saskatchewan) / FY2023 — Not applicable: These uranium projects entered the portfolio in FY2024.
Jasper Wedge Uranium Project (Saskatchewan) / FY2024 — 100% interest secured; ElementX deal approved: The issuer said it secured a 100% interest in Jasper Wedge during FY2024 (R001074). The proposed acquisition of ElementX Global was announced on 5 April and approved by shareholders on 28 May (R001070); these records do not establish FY2024 closing of that corporate acquisition.
Jasper Wedge Uranium Project (Saskatchewan) / FY2025 — Soil and rock chip assays: Jasper Wedge soil assays returned uranium values of 1 to 2.7 ppm, generally within or slightly above typical Athabasca Basin background (1-2 ppm), with rock chip samples from targets JW6A and JW10 returning anomalous uranium values of 5.3 ppm and 4.6 ppm respectively.
Jasper Wedge Uranium Project (Saskatchewan) / FY2026 — Desktop interpretation only: No field activities were undertaken at either Uranium Project during the year; exploration expenditure was directed to the Bull Run Gold Project, with work limited to desktop interpretation integrating historical datasets with 2024 geochemical and geophysical results at Jasper Wedge.
Nanuk Uranium Project (Quebec) / FY2022 — Not applicable: These uranium projects entered the portfolio in FY2024.
Nanuk Uranium Project (Quebec) / FY2023 — Not applicable: These uranium projects entered the portfolio in FY2024.
Nanuk Uranium Project (Quebec) / FY2024 — 100% interest secured; ElementX deal approved: The issuer said it secured a 100% interest in Nanuk during FY2024 (R001074). The proposed ElementX acquisition was announced on 5 April and approved on 28 May (R001070), without a FY2024 closing date in these records. Nanuk's separate description reports 66 claims and the J Zone (R001078).
Nanuk Uranium Project (Quebec) / FY2025 — Listed in tenement schedule: Nanuk Uranium tenements are listed in the FY2025 project schedule. The extracted interest notation contains a footnote marker and is not used to establish an ownership percentage or exploration activity.
Nanuk Uranium Project (Quebec) / FY2026 — No field activity: No field activities were undertaken at either Uranium Project during the year; exploration expenditure was directed to the Bull Run Gold Project, with work limited to desktop interpretation integrating historical datasets with 2024 geochemical and geophysical results at Jasper Wedge.
EdgeMet acquisition (post balance date) / FY2022 — Not applicable: EdgeMet binding acquisition was disclosed after 30 June 2026.
EdgeMet acquisition (post balance date) / FY2023 — Not applicable: EdgeMet binding acquisition was disclosed after 30 June 2026.
EdgeMet acquisition (post balance date) / FY2024 — Not applicable: EdgeMet binding acquisition was disclosed after 30 June 2026.
EdgeMet acquisition (post balance date) / FY2025 — Not applicable: EdgeMet binding acquisition was disclosed after 30 June 2026.
EdgeMet acquisition (post balance date) / FY2026 — Binding agreement post balance date: Subsequent to the reporting date, on 3 August 2026 the Company announced a binding agreement to acquire 100% of EdgeMet Pty Ltd, holder of the Copperhole Creek copper project in Queensland, an earn-in up to 99.8% of the Tiquihua molybdenum project in Peru, and a licence from William March Rice University relating to early stage joule heating technology.

Source: Codrus Minerals annual reports FY2022–FY2026; original annual tables and frozen extraction records.

Reading the figures

FY2023-FY2026 statutory P&L tables do not separately present a revenue line; the report does not infer nil revenue from that absence.
FY2022 closing cash differs from the figure shown as the FY2022 comparative in the FY2023 cash statement because FY2022 includes A$40,038 of short-term deposits in the earlier cash balance; both source presentations are retained.
The selected FY2022–FY2023 liquidity and FY2022–FY2024 reserve schedules omit separate lease and option cost-of-issue rows; these are presentation differences, not zero balances. The FY2026 cash-at-bank effective interest range and Silver Swan South status for FY2025–FY2026 are not available in the checked parsed reports after the final search. The FY2025 cash-at-bank range is reported above from Note 7.
The FY2025 financial statements' presentation currency is Australian dollars (R001622); the segment table's 'United States $' heading denotes geography. The frozen extraction's USD metadata conflict remains visible in evidence.
Final targeted check: existing parsed annual-report DB evidence was read on 28 September 2026. Not available in checked reports is a closed data-availability limit, never a numeric zero. Only the previously held cells and their directly related notes were changed; this is not a new full-report audit or publication approval.

Annual-report source registry

Codrus Minerals Limited FY2022 annual reportYear ended 2022-06-30; report dated 2022-09-16.
Codrus Minerals Limited FY2023 annual reportYear ended 2023-06-30; report dated 2023-09-13.
Codrus Minerals Limited FY2024 annual reportYear ended 2024-06-30; report dated 2024-09-25.
Codrus Minerals Limited FY2025 annual reportYear ended 2025-06-30; report dated 2025-09-25.
Codrus Minerals Limited FY2026 annual reportYear ended 2026-06-30; report dated 2026-09-04.

Prepared from the existing annual extraction datasets, supplemented only by selected same-company annual-report tables and saved row interpretations. No new raw-document extraction or web financial research was used for this test.

Sources, copyright and independence

The source references in this report identify the public disclosures used and should be read with the associated section, table and reporting-period qualifications. This report paraphrases, organises and compares those disclosures for descriptive and educational purposes rather than reproducing source text.

Copyright and other rights in linked reports, company names, logos and third-party materials remain with their respective owners. MII Research does not claim affiliation with or endorsement by the company covered in this report, the ASX or cited organisations.

AI-led method

This report uses AI actively and extensively for evidence extraction, comparison, organisation, calculation checks, drafting, translation planning and presentation. Material claims received reasonable editorial review against cited public sources; this was not an audit, assurance engagement or independent verification. Limitations in public sources, AI systems and review may leave errors, omissions, inconsistencies or translation, classification and interpretation errors.

Any AI-generated visual accompanying this report must carry an adjacent, visible AI-generated label or caption. Such visuals are illustrative rather than source evidence and do not replace the cited annual-report text, table or section source.

Information notice

This record is for general descriptive and educational information only. It is not financial-product, investment, legal, tax, technical or other professional advice; it is not a securities recommendation, valuation, target price, offer, solicitation or invitation to buy, sell or hold.

It does not consider any reader’s objectives, financial situation, needs, knowledge, experience or risk tolerance. Independently verify material information against the primary disclosures, obtain appropriate independent professional advice and do not use this record as the sole or primary basis for any decision.

Public sources are used in good faith, but no representation or warranty is made as to accuracy, completeness, reliability, currency or fitness for a particular purpose. To the maximum extent permitted by law, MII Research disclaims liability for direct, indirect, incidental, consequential, opportunity or investment loss arising from use of or reliance on this record; nothing excludes or limits liability that cannot lawfully be excluded or limited.

Report suspected errors to MII Research with the relevant report section and primary-source document and page reference so that the record can be reviewed and corrected where appropriate.