FY2022
Capital inflow and share-based charges
Financing increased cash, while non-cash share-based payments were a major component of the loss.
ASX: EFE · Five-year financial review
(ASX: EFE) Eastern Resources Financial Review - FY2022~26
Eastern Resources’ FY2022-FY2026 accounts show early capital raising followed by three years without net financing inflows. Project acquisitions and farm-ins changed the exploration portfolio, while cash and capitalised exploration costs followed different paths.
Reading the figures: Units are stated above each table or beside the metric. Brackets denote negative amounts. Supported nil is shown as zero; unlike reporting bases remain separately labelled.
FY2026 cash
A$3.274m
Consolidated cash assets.
Net loss
A$0.578m
Annual statutory result.
Exploration asset
A$8.271m
Deferred carrying amount.
Net financing
Nil
Third consecutive nil year.
Five years in context
Trigg Hill was acquired through cash and shares, with a retained royalty. Later consolidation of EFE Yongxing changes an entity interest, but does not convert the separately reported 70% Lepidolite Hill tenement interest into 100%.
Marengo is a farm-in to earn up to 80%, not evidence of current production. The issuer says historical exploration is unverified and a Mineral Resource has not yet been established there.
Events behind the numbers
FY2023
Lithium portfolio acquisitions
Trigg Hill and Lepidolite Hill interests expanded the portfolio alongside further financing.
FY2024
Draw on cash reserves
There was no net financing inflow; operating and investing outflows reduced cash.
FY2025
Write-offs with lower cash spending
Exploration write-offs affected the loss while investing and operating cash outflows were smaller than FY2024.
FY2026
Marengo and entity consolidation
Marengo reconnaissance followed a farm-in agreement, while the remaining EFE Yongxing entity interest was acquired.
FINANCIAL REVIEW / 01
Read cash separately from capitalised exploration
The FY2026 cash balance fell while deferred exploration increased. The cash measure is relevant to near-term funding; the exploration asset remains dependent on future recovery, not an immediately spendable reserve.
Closing cash
A$ million
Cash assets
AI-generated presentation · values from Cash and consolidated capital; no missing values plotted as zero.
Group assets and equity
A$ million
Total assetsTotal equity
AI-generated presentation · values from Cash and consolidated capital; no missing values plotted as zero.
Cash and consolidated capital
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Cash assets | 4.610 | 5.906 | 4.314 | 3.731 | 3.274 |
| Total assets | 8.862 | 13.231 | 12.417 | 11.635 | 11.633 |
| Total equity | 8.629 | 12.926 | 12.235 | 11.417 | 11.522 |
FY2025 values are preserved as FY2026 comparatives. Acquisition and consolidation changes affect the group asset base.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 02
Lower losses do not eliminate cash outflows
The latest lower loss follows a year with exploration write-offs, while FY2022 was heavily affected by share-based payments. The cash-flow series avoids treating those charges as annual cash payments.
Loss and operating cash
A$ million
Loss after income taxNet operating cash flow
AI-generated presentation · values from Statutory loss and operating cash; no missing values plotted as zero.
Investment and financing
A$ million
Net investing cash flowNet financing cash flow
AI-generated presentation · values from Investing and financing cash; no missing values plotted as zero.
Statutory loss and operating cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Loss after income tax | (2.982) | (0.719) | (0.844) | (1.082) | (0.578) |
| Net operating cash flow | (0.515) | (0.624) | (0.278) | (0.325) | (0.306) |
FY2022 includes A$2.322m share-based payments. Losses are accrual results, not a proxy for cash expenditure.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Investing and financing cash
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Net investing cash flow | (0.551) | (2.466) | (1.314) | (0.258) | (0.150) |
| Net financing cash flow | 4.179 | 4.386 | 0.000 | 0.000 | 0.000 |
Financing is explicitly nil in FY2024-FY2026. Nil is a supported statement value, not a missing extraction.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
FINANCIAL REVIEW / 03
Project commitments remain conditional
The Marengo expenditure obligation is distinct from mineral ownership already earned. The report does not turn nearby-mine references, sampling or historical workings into production or reserves.
Exploration carrying amount
A$ million
Deferred exploration and evaluation
AI-generated presentation · values from Exploration asset and write-offs; no missing values plotted as zero.
Exploration asset and write-offs
A$ million
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Deferred exploration and evaluation | 4.187 | 7.190 | 7.982 | 7.808 | 8.271 |
| Exploration expenditure written off | (0.013) | 0.000 | (0.396) | (0.529) | 0.000 |
Carrying amounts are stocks and write-offs are annual expense flows. An asset balance is not a mineral-resource valuation.
Source: Annual-report extractions; report editions are listed once in the consolidated source registry.
Reading the figures
- FY2026 ownership of EFE Yongxing and the Lepidolite Hill tenement interest are different legal interests and are not merged.
- Marengo historical results are issuer-described as unverified; no resource, production or value estimate is generated.
- The directors’ liquidity assessment is an issuer statement, not an independent assurance of future funding.
- Prepared from existing year-by-year extraction records only. No raw-source retrieval, database query, financial web research or MiniMax call. Primary-author review, not an independent original-document audit; published.
Annual-report source registry
- Eastern Resources - 2022 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Eastern Resources - 2023 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Eastern Resources - 2024 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Eastern Resources - 2025 Annual ReportExisting annual extraction, including separately identified historical comparatives.
- Eastern Resources - 2026 Annual ReportExisting annual extraction, including separately identified historical comparatives.
Prepared solely from the existing year-by-year extraction datasets. No raw annual-report body, PDF, new database lookup or financial web research was used. Review is against those stored extractions, not a new independent original-document audit.
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