We've recently completed a placement of shares to institutional and professional investors at $0.12 per share, raising approximately $5,650,151. Now we're giving eligible shareholders the chance to invest on the same terms through a Share Purchase Plan.

If you're an eligible shareholder, that means you held shares as at 7.00pm (Melbourne time) on 4 September 2026 and have a registered address in Australia or New Zealand. You can apply for between $5,000 and $30,000 worth of shares at $0.12 each, with no brokerage costs, regardless of the size of your current holding.

The $0.12 price represents a discount of approximately 3.5% to the five-day volume weighted average market price of $0.124 before the offer was announced. We're aiming to raise up to approximately $1,500,000 through this plan, though we may accept oversubscriptions or scale back applications at our discretion if demand is high.

Funds raised will go towards post-completion investment in production at Fiddlers Creek Mine and Wedderburn Mill, working capital, and near-mine and general exploration drilling. These uses are indicative only and remain subject to the Board's discretion.

The offer opens 9 September 2026 and closes 5.00pm (Melbourne time) on Thursday, 24 September 2026. As with any investment, the share price can move between now and when shares are issued, so please consider your own financial situation and seek independent advice if needed before applying.

If you have questions about this announcement, we'd encourage you to get in touch through the question box on this page.