We're raising capital through two parts working together: a placement and a share purchase plan, both priced at A$0.12 per share.

The placement covers 47,084,593 shares. Of these, up to 25,000,000 shares need shareholder approval, which we'll seek at our general meeting on Monday 30 November 2026. The rest are proceeding under our existing placement capacity.

Alongside this, we're offering eligible shareholders the chance to participate through a share purchase plan of up to 59,093,722 shares, also at A$0.12 each. The record date is 4 September 2026, with the offer opening 9 September and closing 24 September 2026. Applications will run from $5,000 up to $30,000 per shareholder, and if demand exceeds the cap, we may scale back applications on an equitable basis at our discretion. Shares issued under the plan are expected on 28 September 2026, and will rank equally with our existing shares.

The plan isn't subject to a minimum raise, and no other external approvals are needed for it to proceed. Please note the offer is only available to shareholders in Australia and New Zealand.

Funds raised across both the placement and the plan will go toward continued investment in production at our Fiddlers Creek Mine and Wedderburn Mill, working capital, and near-mine and general exploration drilling.

Full offer details are available on our investor hub, and if you have questions about this raise, we'd welcome you sending them through the question box on this page.