Peel (ASX: PEX) reported a net loss after tax of AUD 5.0 million for H1 ended 31 December 2025, with revenue and other income of AUD 0.4 million and basic loss per share of AUD 0.007. Cash and cash equivalents were AUD 9.6 million at 31 December 2025 and term deposits were AUD 8.0 million; total assets were AUD 126.9 million and total liabilities were AUD 1.9 million. During the half, Peel completed a AUD 16.3 million two-tranche placement and issued AUD 5.0 million of shares under a share purchase plan, and appointed Nick Woolrych as Managing Director and CEO, Ronnie Beevor as Non-Executive Chairman, Tony Schultz as Non-Executive Director, and Warwick Amos as CFO. Operationally, Peel reported maiden drilling at the Nombinnie gold prospect (2,706m) with intercepts including 33m at 2.47g/t Au from 21m (NBRC002), and finalised the Vivigani Station land purchase for total consideration of AUD 0.4 million to secure tenure over the Southern Nights deposit footprint. Subsequent to period end, Peel said it entered a binding scheme implementation deed under which Aeris Resources will acquire 100% of Peel, alongside a planned demerger of remaining Cobar Basin assets into a new ASX-listing entity; Peel shareholders are expected to receive 0.3363 Aeris shares per Peel share and one NewCo share for every 4.6 Peel shares held.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Peel Mining Limited published the original content used to generate this news brief on February 26, 2026, and is solely responsible for the information contained therein.