ASX: DMG · Five-year financial review

Dragon Mountain Gold Limited (ASX: DMG) - Five-Year Financial Review FY2021-FY2025

Dragon Mountain Gold is an exploration-stage group. The tables compare statutory consolidated amounts in Australian dollars, with basic loss per share in cents and FY2023 issue counts in shares. The reported revenue and other income total includes material other income in FY2022; it should not be read as mine sales.

Five twelve-month financial years ended 30 June 2021, 2022, 2023, 2024 and 2025. Balance-sheet figures are at those dates. FY2024 figures in the FY2025 statement are comparatives; corrected FY2024 position cells identify that source. · 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.

FY2025 cash
AUD 129,812

Consolidated balance at 30 June 2025.

FY2025 net assets
AUD 812,654

Consolidated balance at 30 June 2025.

FY2025 statutory loss
AUD 383,681

Loss attributable to owners.

Five years in context

The company remained an explorer across these five June year ends. Cash funded operating costs and exploration; FY2023 share issues and debt conversion changed the capital structure, and FY2025 introduced current convertible borrowings. The FY2025 auditor highlighted material going-concern uncertainty.

At 30 June 2025, the group held a 25% earn-in interest in each of Cawse and Avalon under staged Wingstar agreements. These are project interests, not production or reserve measures.

Events behind the numbers

FY2021

Exploration spend written off

In the year ended 30 June 2021, AUD 88,249 of exploration additions were written off, leaving no closing exploration asset in the selected roll-forward.

FY2022

Exploration asset established

At 30 June 2022, the exploration and evaluation carrying amount was AUD 331,284. The consolidated cash-flow statement recorded AUD 1,252,985 as proceeds held on trust for placement and issue of shares.

FY2023

Share issues and debt conversion

The year ended 30 June 2023 included a 79.8 million-share cash raise, a 50.34 million-share debt conversion and one million shares issued for Sleeklines consideration. The latter two were noncash capital movements.

FY2024

Cash fell amid ongoing exploration

During the year ended 30 June 2024, the group used cash in operations and in exploration investing, while its exploration asset increased to AUD 1,079,381.

FY2025

Borrowing, going concern and refinancing

The year ended 30 June 2025 brought AUD 550,000 cash convertible borrowing and AUD 120,000 of noncash service consideration. The auditor highlighted a material going-concern uncertainty without modifying the opinion. A separate AUD 700,000 shareholder loan was announced on 21 July 2025 and used to repay the October 2024 convertible loan on 31 July 2025.

FINANCIAL REVIEW / 01

Statutory performance

Losses continued in every year. FY2021–FY2022 reported revenue and other income combined interest and other income, with other income the larger component in FY2022. FY2025 finance costs rose with convertible funding. The new FY2025 project-development expense is kept separate from historical exploration write-offs.

Statutory net loss attributable to owners

AUD

Statutory net loss attributable to ownersNet loss attributable to owners: FY2021 (682,191); FY2022 (653,437); FY2023 (486,232); FY2024 (286,041); FY2025 (383,681)-723k-522k-321k-119k82kFY2021FY2022FY2023FY2024FY2025Net loss attributable to owners, FY2021: (682,191) AUD(682,191)Net loss attributable to owners, FY2022: (653,437) AUD(653,437)Net loss attributable to owners, FY2023: (486,232) AUD(486,232)Net loss attributable to owners, FY2024: (286,041) AUD(286,041)Net loss attributable to owners, FY2025: (383,681) AUD(383,681)
Net loss attributable to owners
AUD, five June financial years; negative amounts are losses.

AI-generated presentation · values from Consolidated statutory result and basic EPS; no missing values plotted as zero.

Consolidated income statement detail

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Revenue and other income (reported total)9,01166,98512,6047,7083,497
Accounting and audit fees(86,463)(98,029)(65,956)(54,048)(60,582)
Computers and communications(5,114)(5,105)(6,819)(7,749)(1,754)
Depreciation and amortisation(92,062)(86,924)(43,723)(563)(1,558)
Employee benefits expense(338,665)(272,205)(119,417)(113,300)(130,200)
Finance costs(9,191)(1,809)(2,077)(2,997)(43,665)
Insurance(26,571)(34,627)(72,722)(24,559)(49,799)
Occupancy(1,173)(180)(18,000)(36,000)(36,000)
Professional fees(4,857)(171,422)(64,198)(8,968)(45,691)
Regulatory expenses(37,059)(48,484)(60,713)(43,257)(37,065)
Other income / (expenses)(1,798)(1,637)(1,887)(2,308)47,113
Of reported total: interest revenue4,0113,97512,6047,708Not separately presented
Of reported total: other income5,00063,0100 (nil)Not separately presentedNot separately presented
Exploration expenditure written off(88,249)NilNot separately presentedNot separately presentedNot separately presented
Exploration and project development expenseNot separately presentedNot separately presentedNot separately presentedNot separately presented(27,977)
Share-based payment expenseNot separately presentedNil(43,324)NilNot separately presented

All values are AUD; expenses are signed negative. FY2025 exploration and project development is a distinct statement line and is not merged with earlier exploration written off. FY2025 other expenses is positive in the original statement.

FY2021 reported revenue and other income of AUD 9,011 comprised AUD 4,011 interest revenue and AUD 5,000 other income; FY2022 AUD 66,985 comprised AUD 3,975 interest revenue and AUD 63,010 other income. Issuer Note 1 reports FY2023 interest revenue of AUD 12,604 and nil other income, and FY2024 interest revenue of AUD 7,708; the FY2024 other-income component is not separately established. These component rows are included within, not added to, the reported total. Cash interest receipts are a separate cash-flow measure.

Basis and presentation notes (16)
  • Of reported total: interest revenue / FY2025 — Not separately presented: No separate FY2025 accrual interest-revenue component is established; the cash interest receipt is a different measure.
  • Of reported total: other income / FY2023 — 0 (nil): Issuer Note 1 other-income line is a dash for FY2023.
  • Of reported total: other income / FY2024 — Not separately presented: The selected FY2024 note directly establishes interest revenue but no separate other-income line.
  • Of reported total: other income / FY2025 — Not separately presented: No separate FY2025 other-income component is established by the selected extraction.
  • Exploration expenditure written off / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Exploration expenditure written off / FY2023 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration expenditure written off / FY2024 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration expenditure written off / FY2025 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration and project development expense / FY2021 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration and project development expense / FY2022 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration and project development expense / FY2023 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration and project development expense / FY2024 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Share-based payment expense / FY2021 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Share-based payment expense / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Share-based payment expense / FY2024 — Nil: Issuer nil/dash in the selected line.
  • Share-based payment expense / FY2025 — Not separately presented: No separate FY2025 share-based payment expense line in the selected consolidated income statement.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

Consolidated statutory result and basic EPS

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Loss before tax(682,191)(653,437)(486,232)(286,041)(383,681)
Income tax expenseNilNilNilNilNil
Net loss attributable to owners(682,191)(653,437)(486,232)(286,041)(383,681)
Other comprehensive incomeNilNilNilNilNil
Total comprehensive loss attributable to owners(682,191)(653,437)(486,232)(286,041)(383,681)
Basic loss per sharecents per share(0.26)(0.25)(0.13)(0.07)(0.10)
Weighted average ordinary shares for basic EPSshares263,530,515263,530,515388,100,723394,671,665394,671,665

Basic EPS is cents per share and its weighted average denominator is shares; monetary rows are AUD. Income-tax and OCI dashes are source-supported nil in the selected statement.

FY2021–FY2024 values use current-year annual extraction records; FY2025 uses the selected consolidated original table.

Basis and presentation notes (10)
  • Income tax expense / FY2021 — Nil: Issuer nil/dash in the selected line.
  • Income tax expense / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Income tax expense / FY2023 — Nil: Issuer nil/dash in the selected line.
  • Income tax expense / FY2024 — Nil: Issuer nil/dash in the selected line.
  • Income tax expense / FY2025 — Nil: Issuer dash in this selected consolidated-statement line; nil in statement context.
  • Other comprehensive income / FY2021 — Nil: Issuer nil/dash in the selected line.
  • Other comprehensive income / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Other comprehensive income / FY2023 — Nil: Issuer nil/dash in the selected line.
  • Other comprehensive income / FY2024 — Nil: Issuer nil/dash in the selected line.
  • Other comprehensive income / FY2025 — Nil: Issuer dash in this selected consolidated-statement line; nil in statement context.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

FINANCIAL REVIEW / 02

Financial position and liquidity

The FY2025 current borrowings were AUD 670,000: AUD 550,000 cash proceeds and AUD 120,000 service consideration. Current liabilities exceeded current assets, and the auditor highlighted material going-concern uncertainty.

Year-end cash balance

AUD

Year-end cash balanceCash and cash equivalents: FY2021 818,599; FY2022 1,613,198; FY2023 697,551; FY2024 228,331; FY2025 129,8120452k903k1.4m1.8mFY2021FY2022FY2023FY2024FY2025Cash and cash equivalents, FY2021: 818,599 AUD818,599Cash and cash equivalents, FY2022: 1,613,198 AUD1,613,198Cash and cash equivalents, FY2023: 697,551 AUD697,551Cash and cash equivalents, FY2024: 228,331 AUD228,331Cash and cash equivalents, FY2025: 129,812 AUD129,812
Cash and cash equivalents
AUD consolidated cash at each 30 June balance date.

AI-generated presentation · values from Consolidated financial position at 30 June; no missing values plotted as zero.

Exploration and evaluation carrying amount

AUD

Exploration and evaluation carrying amountExploration and evaluation assets: FY2021 0; FY2022 331,284; FY2023 922,014; FY2024 1,079,381; FY2025 1,317,4580369k738k1.1m1.5mFY2021FY2022FY2023FY2024FY2025Exploration and evaluation assets, FY2021: 0 AUD0Exploration and evaluation assets, FY2022: 331,284 AUD331,284Exploration and evaluation assets, FY2023: 922,014 AUD922,014Exploration and evaluation assets, FY2024: 1,079,381 AUD1,079,381Exploration and evaluation assets, FY2025: 1,317,458 AUD1,317,458
Exploration and evaluation assets
AUD capitalised exploration asset at each 30 June; not cash expenditure.

AI-generated presentation · values from Consolidated financial position at 30 June; no missing values plotted as zero.

Consolidated financial position at 30 June

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Cash and cash equivalents818,5991,613,198697,551228,331129,812
Trade and other receivables59,32327,552112,993115,678107,167
Prepayments / other current assets9,32310,14015,73912,175136,844
Total current assets887,2451,650,890826,283356,184373,823
Exploration and evaluation assets0331,284922,0141,079,3811,317,458
Plant and equipment3,5182,7602,1201,557Nil
Right-of-use assets136,96443,083NilNilNot separately presented
Total non-current assets140,482377,127924,1341,080,9381,317,458
Total assets1,027,7272,028,0171,750,4171,437,1221,691,281
Trade and other payables898,5902,697,755258,706235,205199,979
Total current liabilities1,007,4372,715,556268,041240,787878,627
Total liabilities1,061,8292,715,556268,041240,787878,627
Net assets / (liabilities)(34,102)(687,539)1,482,3761,196,335812,654
Issued capital33,081,80333,081,80335,694,62635,694,62635,694,626
Reserves1,0401,04044,36444,36444,364
Accumulated losses(33,116,945)(33,770,382)(34,256,614)(34,542,655)(34,926,336)
Total equity(34,102)(687,539)1,482,3761,196,335812,654
Current borrowingsNot separately presentedNot separately presentedNot separately presentedNil670,000
Current provisionsNot separately presentedNot separately presentedNot separately presented7503,814
Insurance premium fundingNot separately presentedNot separately presentedNot separately presented4,8324,834
Earlier short-term financial liabilities3,12509,335Not separately presentedNot separately presented
Short-term lease liabilities105,72217,8010Not separately presentedNot separately presented
Long-term lease liabilities54,3920Not separately presentedNot separately presentedNot separately presented

AUD. FY2024 comparative amounts are from the FY2025 consolidated statement. This resolves the FY2024 trade-payables conflict in the draft in favour of AUD 235,205 rather than the earlier extraction’s AUD 235,955.

FY2025 borrowings include AUD 550,000 cash borrowing and AUD 120,000 noncash investor-relations service consideration. Earlier financial-liability and lease categories remain separate rows.

FY2021 and FY2022 net assets were negative.

Basis and presentation notes (21)
  • Plant and equipment / FY2025 — Nil: Issuer dash in this selected consolidated-statement line; nil in statement context.
  • Right-of-use assets / FY2023 — Nil: The FY2023 consolidated position statement shows a dash for right-of-use assets; the frozen extraction records value_status reported_nil.
  • Right-of-use assets / FY2024 — Nil: The right-of-use asset note reports a nil net carrying amount.
  • Right-of-use assets / FY2025 — Not separately presented: No right-of-use asset line in the FY2025 selected consolidated position statement or available annual extraction records.
  • Current borrowings / FY2021 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Current borrowings / FY2022 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Current borrowings / FY2023 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Current borrowings / FY2024 — Nil: Issuer dash in this selected consolidated-statement line; nil in statement context.
  • Current provisions / FY2021 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Current provisions / FY2022 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Current provisions / FY2023 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Insurance premium funding / FY2021 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Insurance premium funding / FY2022 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Insurance premium funding / FY2023 — Not separately presented: Not a separately comparable line in the selected earlier-year position records.
  • Earlier short-term financial liabilities / FY2024 — Not separately presented: No separate lease or earlier short-term-financial-liability line in FY2025 statement or its FY2024 comparative.
  • Earlier short-term financial liabilities / FY2025 — Not separately presented: No separate lease or earlier short-term-financial-liability line in FY2025 statement or its FY2024 comparative.
  • Short-term lease liabilities / FY2024 — Not separately presented: No separate lease or earlier short-term-financial-liability line in FY2025 statement or its FY2024 comparative.
  • Short-term lease liabilities / FY2025 — Not separately presented: No separate lease or earlier short-term-financial-liability line in FY2025 statement or its FY2024 comparative.
  • Long-term lease liabilities / FY2023 — Not separately presented: Earlier issuer line, retained separately from FY2025 convertible borrowings and premium funding.
  • Long-term lease liabilities / FY2024 — Not separately presented: No separate lease or earlier short-term-financial-liability line in FY2025 statement or its FY2024 comparative.
  • Long-term lease liabilities / FY2025 — Not separately presented: No separate lease or earlier short-term-financial-liability line in FY2025 statement or its FY2024 comparative.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

FINANCIAL REVIEW / 03

Cash flows and funding

The FY2025 cash-flow statement distinguishes AUD 550,000 cash borrowing from the AUD 670,000 year-end liability. Exploration cash payments and capitalised exploration additions are reported separately.

Operating cash flow

AUD

Operating cash flowNet cash used in operating activities: FY2021 (331,138); FY2022 (127,102); FY2023 (1,930,917); FY2024 (307,351); FY2025 (449,141)-2.0m-1.5m-908k-338k232kFY2021FY2022FY2023FY2024FY2025Net cash used in operating activities, FY2021: (331,138) AUD(331,138)Net cash used in operating activities, FY2022: (127,102) AUD(127,102)Net cash used in operating activities, FY2023: (1,930,917) AUD(1,930,917)Net cash used in operating activities, FY2024: (307,351) AUD(307,351)Net cash used in operating activities, FY2025: (449,141) AUD(449,141)
Net cash used in operating activities
AUD net cash used in operations; negative values indicate outflow.

AI-generated presentation · values from Consolidated cash-flow bridge; no missing values plotted as zero.

Consolidated cash-flow bridge

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Net cash used in operating activities(331,138)(127,102)(1,930,917)(307,351)(449,141)
Net cash used in investing activities(88,249)(331,284)(580,730)(157,367)(199,376)
Net cash from / (used in) financingNil1,252,9851,596,000(4,502)549,998
Net change in cash(419,387)794,599(915,647)(469,220)(98,519)
Opening cash1,237,986818,5991,613,198697,551228,331
Closing cash818,5991,613,198697,551228,331129,812

AUD. Financing includes FY2022–FY2023 equity funding and FY2025 borrowing. FY2025 cash declined despite the AUD 550,000 borrowing inflow.

Basis and presentation notes (1)
  • Net cash from / (used in) financing / FY2021 — Nil: Issuer nil/dash in the selected line.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

Material operating, investing and financing cash components

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Payments to suppliers and employees(345,148)(131,077)(1,943,521)(315,059)(414,348)
Government grant cash receipts10,000NilNot separately presentedNot separately presentedNot separately presented
Interest received4,0103,97512,6047,7083,497
Interest and finance costs paidNot separately presentedNot separately presentedNot separately presented0 (nil)(38,290)
Payments for exploration and evaluation(88,249)(331,284)(580,730)(157,367)(199,376)
Proceeds held on trust for placement and share issueNil1,252,9851,596,000NilNot separately presented
Proceeds from borrowingsNot separately presentedNot separately presentedNot separately presented0 (nil)550,000
Net premium funding cash movementNot separately presentedNot separately presentedNot separately presented(4,502)(2)

AUD. The FY2025 cash-flow statement explicitly presents FY2024 comparative dashes for finance costs paid and borrowing proceeds, shown here as nil. Other missing rows without direct source support remain not separately presented, not zero.

Exploration cash paid differs from capitalised exploration additions. FY2023 debt conversion and Sleeklines consideration shares were noncash issued-capital movements.

Basis and presentation notes (18)
  • Government grant cash receipts / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Government grant cash receipts / FY2023 — Not separately presented: No separate government-grant receipt line in the selected FY2023–FY2025 annual cash-flow extraction or FY2025 original statement.
  • Government grant cash receipts / FY2024 — Not separately presented: No separate government-grant receipt line in the selected FY2023–FY2025 annual cash-flow extraction or FY2025 original statement.
  • Government grant cash receipts / FY2025 — Not separately presented: No separate government-grant receipt line in the selected FY2023–FY2025 annual cash-flow extraction or FY2025 original statement.
  • Interest and finance costs paid / FY2021 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Interest and finance costs paid / FY2022 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Interest and finance costs paid / FY2023 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Interest and finance costs paid / FY2024 — 0 (nil): FY2025 cash-flow statement FY2024 comparative directly reports a dash for interest and other finance costs paid.
  • Proceeds held on trust for placement and share issue / FY2021 — Nil: Issuer nil/dash in the selected line.
  • Proceeds held on trust for placement and share issue / FY2024 — Nil: Issuer nil/dash in the selected line.
  • Proceeds held on trust for placement and share issue / FY2025 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Proceeds from borrowings / FY2021 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Proceeds from borrowings / FY2022 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Proceeds from borrowings / FY2023 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Proceeds from borrowings / FY2024 — 0 (nil): FY2025 cash-flow statement FY2024 comparative directly reports a dash for borrowing proceeds.
  • Net premium funding cash movement / FY2021 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Net premium funding cash movement / FY2022 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Net premium funding cash movement / FY2023 — Not separately presented: No separate line in the selected annual extraction or current-year statement.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

FINANCIAL REVIEW / 04

Capital and shareholder returns

FY2023 issued-capital growth combined a cash placement, conversion of debt to equity and Sleeklines consideration shares. The company reported no dividends declared for FY2025.

Consolidated total equity

AUD

Consolidated total equityTotal equity: FY2021 (34,102); FY2022 (687,539); FY2023 1,482,376; FY2024 1,196,335; FY2025 812,654-818k-178k463k1.1m1.7mFY2021FY2022FY2023FY2024FY2025Total equity, FY2021: (34,102) AUD(34,102)Total equity, FY2022: (687,539) AUD(687,539)Total equity, FY2023: 1,482,376 AUD1,482,376Total equity, FY2024: 1,196,335 AUD1,196,335Total equity, FY2025: 812,654 AUD812,654
Total equity
AUD year-end consolidated equity; negative in FY2021–FY2022.

AI-generated presentation · values from Consolidated year-end equity and dividends; no missing values plotted as zero.

Consolidated year-end equity and dividends

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Issued capital33,081,80333,081,80335,694,62635,694,62635,694,626
Accumulated losses(33,116,945)(33,770,382)(34,256,614)(34,542,655)(34,926,336)
Foreign exchange translation reserve1,0401,0401,0401,0401,040
Share-based payment reserve0 (nil)0 (nil)43,32443,32443,324
Total equity(34,102)(687,539)1,482,3761,196,335812,654
Dividends declared per sharecents per shareNilNilNilNilNil

AUD for monetary rows; dividends are cents per share. FY2025 reserve components are confirmed by the selected FY2025 statement of changes in equity; FY2025 total reserves is AUD 44,364.

FY2021–FY2022 negative equity changed following FY2023 share issues and conversion of liabilities. The share-based equity reserve was nil at 1 July 2021 (the FY2021 closing boundary) and at 30 June 2022 in the issuer statement of changes in equity.

Basis and presentation notes (7)
  • Share-based payment reserve / FY2021 — 0 (nil): Statement of changes in equity reports the opening 1 July 2021 share-based equity reserve as nil, corresponding to the 30 June 2021 closing balance.
  • Share-based payment reserve / FY2022 — 0 (nil): Statement of changes in equity directly reports the 30 June 2022 share-based equity reserve as nil.
  • Dividends declared per share / FY2021 — Nil: Issuer nil/dash in the selected line.
  • Dividends declared per share / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Dividends declared per share / FY2023 — Nil: Issuer nil/dash in the selected line.
  • Dividends declared per share / FY2024 — Nil: Issuer nil/dash in the selected line.
  • Dividends declared per share / FY2025 — Nil: Issuer states no dividends were paid, recommended or declared in the current or previous financial year.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

FY2023 issued-capital components

mixed; see row units

MetricFY2023
FY2023 capital raise sharesshares79,800,000
FY2023 capital raise issued-capital valueAUD1,596,000
FY2023 debt conversion sharesshares50,341,150
FY2023 debt conversion issued-capital valueAUD1,006,823
FY2023 Sleeklines consideration sharesshares1,000,000
FY2023 Sleeklines consideration issued-capital valueAUD10,000

Share counts and AUD amounts are distinct. The debt conversion and Sleeklines consideration were noncash; the capital raise at AUD 0.02 per share was cash funding.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

FINANCIAL REVIEW / 05

Exploration assets and project interests

The Cawse and Avalon agreements had completed stages 1 and 2 by 30 June 2025, earning a 25% interest in each. Stage 3 requires a further AUD 250,000 of sole funding per project for 26% more; stage 4 requires a further AUD 300,000 exploration program per project over 15 months. The rights exclude nickel and cobalt.

Capitalised exploration additions

AUD

Capitalised exploration additionsCapitalised exploration additions: FY2021 88,249; FY2022 331,284; FY2023 590,730; FY2024 157,367; FY2025 238,0770165k331k496k662kFY2021FY2022FY2023FY2024FY2025Capitalised exploration additions, FY2021: 88,249 AUD88,249Capitalised exploration additions, FY2022: 331,284 AUD331,284Capitalised exploration additions, FY2023: 590,730 AUD590,730Capitalised exploration additions, FY2024: 157,367 AUD157,367Capitalised exploration additions, FY2025: 238,077 AUD238,077
Capitalised exploration additions
AUD additions to the exploration asset; an accrual measure distinct from investing cash paid.

AI-generated presentation · values from Exploration and evaluation asset roll-forward; no missing values plotted as zero.

Exploration and evaluation asset roll-forward

AUD

MetricFY2021FY2022FY2023FY2024FY2025
Opening exploration and evaluation carrying amountNilNil331,284922,0141,079,381
Capitalised exploration additions88,249331,284590,730157,367238,077
Exploration written off(88,249)NilNilNot separately presentedNot separately presented
Closing exploration and evaluation carrying amountNil331,284922,0141,079,3811,317,458

AUD. Capitalised additions are an accrual/carrying-value measure; cash payments appear separately in the cash-flow table.

FY2021 additions were fully written off. Where no write-off line was separately extracted, the cell is marked not separately presented.

Basis and presentation notes (7)
  • Opening exploration and evaluation carrying amount / FY2021 — Nil: Issuer nil/dash in the selected line.
  • Opening exploration and evaluation carrying amount / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Exploration written off / FY2022 — Nil: Issuer nil/dash in the selected line.
  • Exploration written off / FY2023 — Nil: Issuer nil/dash in the selected line.
  • Exploration written off / FY2024 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Exploration written off / FY2025 — Not separately presented: No separate line in the selected annual extraction or current-year statement.
  • Closing exploration and evaluation carrying amount / FY2021 — Nil: Issuer nil/dash in the selected line.

Source: Dragon Mountain Gold annual reports, consolidated statements and notes; exact cell provenance in the evidence file.

Reading the figures

  • FY2021–FY2023 income and position records generally use the source symbol “$”; the FY2024 presentation-policy record explicitly identifies Australian dollars and no currency conversion has been made.
  • The FY2025 statement gives a changed exploration expense label. The earlier write-off line and FY2025 project-development line are shown separately.
  • FY2024 trade and other payables conflict between an earlier extraction (AUD 235,955) and the FY2025 audited comparative plus Note 12 (AUD 235,205); this report uses the latter and retains the conflict in the change log.
  • Some earlier statement components are not separately represented in the selected extraction records; those cells are labelled rather than set to zero.

Annual-report source registry

  • DRAGON MOUNTAIN GOLD LIMITED Annual Report to shareholders 2021Year ended 2021-06-30; annual report dated 2021-09-30.
  • DRAGON MOUNTAIN GOLD LIMITED Annual Report to shareholders 2022Year ended 2022-06-30; annual report dated 2022-09-30.
  • DRAGON MOUNTAIN GOLD LIMITED Annual Report to shareholders 2023Year ended 2023-06-30; annual report dated 2023-09-28.
  • DRAGON MOUNTAIN GOLD LIMITED Annual Report to shareholders 2024Year ended 2024-06-30; annual report dated 2024-09-30.
  • DRAGON MOUNTAIN GOLD LIMITED Annual Report to Shareholders 2025Year ended 2025-06-30; annual report dated 2025-09-30.

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.

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AI-led method

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