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Mining industry

Critical Resources Limited Secures $1.8 Million Capital Raise for Gold-Antimony Exploration Projects

Strategic Insights

— 2 min read

Critical Resources Limited has successfully completed a $1.8 million capital raise to fund its gold-antimony exploration programs across New South Wales and New Zealand. The company received firm commitments for a placement of 225 million ordinary shares at an issue price of $0.008 per share, with 1-for-2 free attaching options exercisable at $0.008. The funds raised will be allocated towards advancing exploration programs at the Halls Peak and New Zealand projects, as well as continuing low-cost value-adding work streams at the Mavis Lake Lithium Project in Canada and general working capital.

Key Takeaways:

  • Critical Resources Limited has raised $1.8 million through a capital placement of 225 million ordinary shares at $0.008 per share, with 1-for-2 free attaching options exercisable at $0.008.
  • The proceeds will be used to advance gold-antimony exploration programs at the Halls Peak and New Zealand projects, as well as continue low-cost value-adding work streams at the Mavis Lake Lithium Project in Canada.
  • The company has received firm commitments for the placement from sophisticated and professional investors, including Chairman Bilal Ahmad, Director Josh Gordon, and CEO Tim Wither.
  • The funds will also be used for general working capital, ensuring the company's liquidity and ability to execute its exploration plans.
  • Critical Resources has ongoing exploration programs in New South Wales, with the maiden drilling at Amoco set to begin in early October, and initial drilling at Cap Burn to start in November.
  • The company's New Zealand exploration portfolio is located in the Otago Region of the South Island, a Tier-1 jurisdiction with significant mineral potential and exploration upside.

Statistics:

  • The placement has raised $1,800,000, with the company issuing 225,000,000 fully paid shares at an issue price of $0.008 per share.
  • The placement represents a 0% discount to Critical Resources' last close price on 10 September 2025 of $0.008.
  • The proceeds will be allocated 75% towards exploration programs at the Halls Peak project, 15% towards exploration programs in New Zealand, 5% towards low-cost value-adding work streams at Mavis Lake, and 5% towards general working capital.
  • The drilling contractor is scheduled to mobilize on September 28, 2025, with maiden drilling at Amoco expected to begin in early October.
  • Initial drilling at Cap Burn is expected to start in November 2025, targeting high-grade gold shoots beneath a surface arsenic halo.

Sources:

  • Critical Resources Limited, "Completion of Placement" (September 2025)
  • Critical Resources Limited, "Halls Peak Gold-Antimony Projects - NSW Australia" (September 2025)
  • Critical Resources Limited, "New Zealand Gold-Antimony Projects" (August 2025)
  • Critical Resources Limited, "PLACEMENT DETAILS" (September 2025)

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