Successful Placement to Raise $3.2 million

Highlights

  • Firm commitments received from Institutional and Sophisticated Investors to raise $3.2 million (before costs) via a Two-tranche Placement comprising of:
    • Tranche 1: to raise approximately $1.39 million utilising the Company’s LR 7.1 capacity.
    • Tranche 2: to raise approximately $1.81 million subject to shareholder approval.
  • Chairman John Ellice-Flint has committed to $200,000 in Tranche 2 of the Placement. Subject to shareholder approval.
  • The Company also intends to undertake a share purchase plan to raise up to $250,000 from existing shareholders on the same terms as the Placement.
  • Placement proceeds will be used to progress work in the Company’s 100% owned Sapphire Block (ATP 814) and for working capital.

Please click the below link to read the full announcement:

29 August 2025 Placement