Southern Alliance Mining Ltd. announced that, based on a preliminary review, it expects to post a higher net loss for the fiscal year ended Jul, 31 2025.

The company said the shortfall stems mainly from lower average realised iron-ore prices and several non-cash impairment losses: (i) a write-down of mining assets due to weaker demand and lower price forecasts for iron ore, (ii) an impairment on investments in joint ventures following the non-renewal of exploration licences in Sabah, Malaysia, and (iii) an impairment on a joint venture with an iron-ore mine in Pahang arising from the reduced price outlook.

Southern Alliance Mining plans to release its unaudited FY2025 results by Sep, 29 2025 and advised shareholders and investors to exercise caution when trading its shares.