This is a short update, not new news: we're simply pushing back the issue date for shares under our recent Placement, because receipt of funds has been delayed.

The Placement itself is unchanged. We're issuing 47,084,593 shares at A$0.12 each, with the new proposed issue date now 11 September 2026. A further 25,000,000 shares under the Placement remain subject to shareholder approval, which we expect to seek at a General Meeting around 30 October 2026.

Alongside this, our Security Purchase Plan is proceeding on its existing timetable: the offer opens 9 September 2026 and closes 24 September 2026, with results expected by 28 September 2026. Eligible shareholders can apply for parcels between $5,000 and $30,000 worth of shares, also at A$0.12 each, subject to scale-back at the Directors' discretion if the offer is oversubscribed.

Funds raised across both the Placement and the SPP are earmarked for the same purpose: continuing investment in production at our Fiddlers Creek Mine and Wedderburn Mill, working capital, and near-mine and general exploration drilling.

If you're an eligible shareholder considering the SPP, the offer documents will be available from 9 September 2026 via our investor hub.

If you have questions about this update, we'd encourage you to send them through the question box on this page.