v3.26.3
Condensed Consolidated Interim Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Inventories $ 4,136 $ 3,911
Trade and other receivables, net 5,465 5,513
Cash and cash equivalents 1,754 1,887
Excise duty indemnification 3,575 3,575
Short-term prepayments 5,473 1,284
Total current assets 20,403 16,170
Non-current assets:    
Property, plant and equipment, net 47,549 40,969
Right-of-use assets 550
Exploration and evaluation assets, net 953 1,054
Long-term prepayments 6,374 4,503
Intangible asset 437
Staff loan receivables 84 98
Total non-current assets 55,947 46,624
TOTAL ASSETS 76,350 62,794
Current liabilities:    
Trade and other payables 37,343 37,881
Current tax liabilities 8,876 6,642
Borrowings: 5,617 3,177
Cash-settled share-based payment 77 17
Excise tax payable 3,575 3,575
Lease liability 151
Earnout liability 7,520
Amounts due to related parties 114 2,277
Total current liabilities 63,273 53,569
Non-current liabilities:    
Provision for rehabilitation cost 26,861 26,688
Borrowings 1,808 2,006
Derivative liability (warrants) 4,083 1,334
Earnout liability 10,904 9,898
Lease liability 355
Cash-settled share-based payment 38 8
Deferred tax liability 9,800 8,566
Total non-current liabilities 53,849 48,500
TOTAL LIABILITIES 117,122 102,069
Shareholders’ deficit:    
Ordinary shares 6 5
Share premium/other reserves (106,259) (109,745)
Shareholders’ surplus 65,481 70,465
Total shareholders’ deficit (40,772) (39,275)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT $ 76,350 $ 62,794