Vault Minerals extinguishes A$31.2m gold hedges

• Vault Minerals (ASX:VAU) has settled all remaining gold hedge positions early, paying A$31.2 million from cash reserves.
• The move leaves Vault fully unhedged and has generated A$13.8 million in incremental revenue to date, with no shareholder dilution.
• Vault says the strategy is designed to maximise leverage to prevailing gold prices as part of its disciplined capital management plan.

Vault Minerals (ASX:VAU) has accelerated settlement of all remaining gold hedge contracts, paying A$31.2 million to close 10,233 ounces scheduled for delivery in Q1 FY27.

The company said the hedges were settled at an average contracted price of A$2,797 per ounce and were fully funded from cash reserves of A$728 million as at 31 March 2026, with no resulting dilution to shareholders.

“The termination of the Q1 FY27 gold hedges leaves Vault entirely unhedged, thereby maximising exposure to the prevailing gold prices,” said Vault Minerals (ASX:VAU) Managing Director Luke Tonkin.

Vault noted that the latest action builds on an earlier decision in November 2025 to settle 47,319 ounces ahead of schedule, which enabled full gold price participation throughout the current half (H2 FY26) and formed part of a deliberate capital allocation strategy.

The company stated that, to date, this approach aimed at enhancing gold price leverage has generated incremental revenue of A$13.8 million net of settlement costs, again with no dilution to shareholders; following the announcement the Vault Minerals (ASX:VAU) share price was unchanged at its last reported level.

Vault described the decision to extinguish hedges as consistent with its disciplined capital management framework and ongoing commitment to value‑accretive capital use, and said the move positions it to fully participate in any future changes in spot gold prices.

The Perth‑based miner continues to progress its gold projects and said investors can find further details of its operations and strategy on its website, while contacts for its corporate development officer and managing director were provided for additional enquiries.