For the Three Months Ended March 31,

For the Nine Months Ended March 31,

2026

2025

2026

2025

Technical studies and engineering

$

1,682

$

107

$

7,579

$

111

Drilling

—

—

2,527

—

Field management and other

508

315

1,689

616

Metallurgical development

98

73

1,307

167

Geologists and field staff

8

—

994

—

Subtotal

2,296

495

14,096

894

Less: reimbursements recognized

(603

)

—

(687

)

—

Net exploration expense

$

1,693

$

495

$

13,409

$

894