New Risk • Jun 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.50m (US$9.86m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (37% average weekly change). Negative equity (-UK£1.0m). Earnings have declined by 5.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (152% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (€8.50m market cap, or US$9.86m). Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Chairman of the Board Geraud John Moussarie was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 11
Critical Mineral Resources PLC, Annual General Meeting, Jun 03, 2026 Critical Mineral Resources PLC, Annual General Meeting, Jun 03, 2026. Location: the offices of orana corporate llp, eccleston yards, 25 eccleston place, sw1w 9nf, london United Kingdom Aankondiging • Feb 17
Critical Mineral Resources plc Appoints Géraud Moussarie as Chairman of the Board Critical Mineral Resources Plc announced the appointment of Géraud Moussarie as Chairman of the Board. Géraud Moussarie is a highly experienced Africa-focused energy, infrastructure and mining executive with a track record across North and West Africa. He is a former BP leader across multiple jurisdictions including Morocco. He served as BP Senegal Country Manager, overseeing in-country development of the Grand Tortue Ahmeyim (GTA) offshore gas project. He was formerly Head of Country for Rio Tinto in Guinea, participating in key negotiations and supporting the early development phase of the Simandou project. Géraud Moussarie is a seasoned executive with extensive international experience leading multi-country commercial and stakeholder programmes and advancing large scale energy, infrastructure and natural resources projects across North and West Africa. He spent a significant part of his career at BP, holding senior roles across the region, including Senior Commercial Manager for BP North Africa, where he managed licence performance and commercial governance across multiple jurisdictions, and Branch Manager for BP Morocco, where he developed and maintained strong in-country relationships with government and commercial counterparties. He was subsequently appointed BP’s Country Manager for Senegal during the development of the GTA LNG mega-project (2017–2021), providing in-country leadership through a critical development phase. Mr. Moussarie later served as Project Director and General Manager for Rio Tinto in Guinea (2021–2023). Based in Conakry at an important stage in the evolution of the Simandou Project, he participated in key negotiations and engagement with government, local stakeholders and international investors. Mr. Moussarie’s appointment adds a new dimension to CMR’s strategic and governance capabilities. Aankondiging • Jan 22
Critical Mineral Resources PLC has completed a Follow-on Equity Offering in the amount of £2.925 million. Critical Mineral Resources PLC has completed a Follow-on Equity Offering in the amount of £2.925 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 129,999,995
Price\Range: £0.0225
Security Features: Attached Warrants
Transaction Features: Subsequent Direct Listing Aankondiging • Jan 08
Critical Mineral Resources plc Provides Drilling Update Critical Mineral Resources plc reported that its newly commissioned diamond drill rig has successfully produced its first core from Zone 1 North, marking an important operational milestone and supporting the next phase of exploration and project advancement. The hole was drilled to a depth of 30m and includes core with observable copper mineralisation. The rig has now moved to the next pad where drilling has already commenced. The next set of assay results are expected in early February. The rig's commissioning was completed efficiently and included the integration of a Moroccan-sourced water recycling system. Aankondiging • Aug 29
Critical Mineral Resources plc Announces Details of the Agadir Melloul Sedimentary Copper Project in Central Morocco Critical Mineral Resources PLC ('CMR') announced details of the Agadir Melloul sedimentary copper project in Central Morocco, the acquisition of three additional permits in the same district, exclusivity on a further six permits, together with the terms of its definitive joint venture agreement. CMR and the Joint Venture partner now have a dominant position in the Agadir Melloul district. In recent days, over fifty drill pads have been prepared, a testament to our team on the ground and the project's favourable topography. Diamond core drilling will begin very shortly. Highlights: CMR is earning into 60% of the Agadir Melloul sedimentary copper project, previously referred to as the SHC Project, which CMR believes will develop into a significant new Moroccan sediment-hosted copper and silver discovery. The board and management team is reiterating its Initial Exploration Target of 150,000 to 200,000 tonnes of contained copper at a 1.2% copper equivalent grade. The Joint Venture partner has completed sufficient exploration and technical work on the project to fast-track development and move straight into confirmatory drilling and feasibility studies. Key information: Trench results include copper and silver grades of 27m at 2.9% and 25 g/t; 12m at 1.9% and 61g/t; 10m at 1.5% and 12 g/t; 7m at 3.1% and 45 g/t; and 5m at 2.2% and 32 g/t. Surface and near surface mineralisation over a 1.5km strike length has been trenched and modelled by a leading Moroccan resource geologist, underpinning an initial 750 to 1,000 tonne per day open pit mine development plan (the 'Initial Mine'). First phase metallurgical test-work results include 80% copper and 61% silver recoveries resulting in concentrate containing 26% copper and 72g/t silver. Water pumps within the project boundaries demonstrate local availability of water. Agadir Melloul is a geological analogue of the 130 million tonne Tizert Project, 55km to the west. The main shared geological characteristics are: Sediment hosted copper and silver systems. Mineralisation found at and near the contact between the Precambrian basement and Infracambrian (c.550mya) sedimentary rocks. Mineralisation, dominated by chalcopyrite, chalcocite, bornite and malachite, predominantly found in limestone, dolomite and conglomerate sediments. In addition to the three permits transferred into the SPV by the Joint Venture partner ("CMC Permits"), in recent weeks the SPV has acquired three new permits as well as securing exclusivity on a further six which are now undergoing technical due diligence. In summary: Trenching and the initial copper-silver discovery made on the CMC Permits. The Project's land package now consists of six permits, providing CMR and its Joint Venture partner with a dominant position in the Agadir Melloul district. This six permit footprint is expected to increase in the short term, in part due to the six permits under exclusivity, with permitted ground likely to exceed 150km2, of which >100km2 contains sedimentary rocks and the target Adoudounian unit. Aankondiging • Jun 03
Critical Mineral Resources PLC, Annual General Meeting, Jun 26, 2025 Critical Mineral Resources PLC, Annual General Meeting, Jun 26, 2025. Location: the offices of orana corporate llp, eccleston yards, 25 eccleston place, sw1w 9nf, london United Kingdom Aankondiging • May 23
Critical Mineral Resources PLC Appoints Russell Tucker as a Non-Executive Director, Effective 27 May Critical Mineral Resources PLC announced the appointment of Russell Tucker as a Non-Executive Director of the Company with effect from 27 May. Russell Tucker brings over 10 years of experience in mining investment and corporate finance. He began at Qinisele Resources, a boutique mining advisory firm in South Africa, advising on mergers and acquisitions, capital raising, and restructuring. More recently, Russell has held senior roles in private equity and investment groups. He is a Chartered Global Management Accountant (CGMA) and holds an MBA from Hult International Business School. Aankondiging • Mar 11
Critical Mineral Resources PLC announced that it expects to receive £2.499999 million in funding from Gilini Holdings Ltd Critical Mineral Resources PLC announced that it has entered into an investment agreement with Gilini Holdings Ltd for gross proceeds of £2,500,000 on March 10, 2025. On the same date the company has issued convertible notes for gross proceeds of £425,000 in its first tranche. The loan will be convertible into ordinary shares of the Company at £0.011 per share, maturing on December 31, 2028. The notes will accrue interest of 15% per annum and have one warrant for every two ordinary shares represented by the principal amount. Each of the warrants will be exercisable at a price of £0.013 until December 31, 2028. The company will issue 568,965 ordinary shares at price of £1.45 for proceeds of £824,999.25 and loan for proceeds of £500,000 in its second tranche in the second quarter of 2025. The note will convertible at £1.45 with 5% interest. The company will issue 490,196 ordinary shares at issue price of £1.53 for gross proceeds of £749,999.88 in its third tranche in first quarter of 2026. Aankondiging • Aug 03
Critical Mineral Resources plc Provides Operational Update on Igli Project Critical Mineral Resources plc provided an operational update on the Igli Project. Highlights: Following the Company's initial reconnaissance visits in January and July, systematic exploration work has this week begun at Igli. The CMR team is on site and will set-up camp in the local Igli village, approximately 3km from the project and easily accessible by road. The Phase 1 work programme includes the following: Detailed geological mapping, both rock and structural, to 50m spacing; Locate silver, copper and other economic mineral showings across the property; Rock chip, channel and stream sediment sampling and High resolution satellite imagery. The Phase 1 work programme is an important stage to ensure subsequent work is well informed and focused. The team's presence should also lead to the discovery of other nearby base and precious metals opportunities and allow the Company to start building relations with the local community. Aankondiging • Jul 17
Critical Mineral Resources PLC Appoints Dominic Traynor as Executive Chairman Critical Mineral Resources PLC announced that Dominic Traynor has been appointed Executive Chairman of the Company. Dominic Traynor has been a Non-Executive Director of the Company for over two years, most recently as Non-Executive Chairman. During this time, he has worked closely with CMR Chief Executive Charlie Long and the management to implement the Company's strategy and its successful transition to an exploration and development company focused on critical and clean energy metals in Morocco. The appointment reflects Dominic's increased involvement in CMR's strategic management and corporate affairs as it continues to gain significant momentum in building a diversified portfolio of Morrocan high-quality metals exploration and development projects. Aankondiging • May 22
Critical Mineral Resources PLC, Annual General Meeting, Jun 28, 2024 Critical Mineral Resources PLC, Annual General Meeting, Jun 28, 2024. Location: eccleston yards, 25 eccleston place, sw1w 9nf, london United Kingdom Aankondiging • Apr 26
Critical Mineral Resources PLC Appoints Dominic Traynor as Non-Executive Chairman Critical Mineral Resources PLC announce the appointment of Dominic Traynor as Non-Executive Chairman. Dominic Traynor has been a Non-Executive Director of the Company fortwo years. Over the last year he has worked closely with the management regarding the evolution of the Company's strategy and its successful transition to an exploration and development company focused on critical and clean energy metals in Morocco. He has also been instrumental in enhancing the Company's corporate governance policies and protocols. As a partner at City law firm, Druces LLP he brings with him extensive experience in the public markets and corporate governance with specialism in natural resources. He was a founding director of AIM-listed SigmaRoc plc and is currently a director of investment firm Prism Group AG. New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-UK£647k). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€870.5k market cap, or US$925.1k). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Shareholders have been diluted in the past year (16% increase in shares outstanding). Aankondiging • Mar 30
Critical Mineral Resources plc Provides Operational Update on Its Ifri Project in the Anti-Atlas Critical Mineral Resources PLC provided an operational update on its Ifri Project('Ifri')in the Anti-Atlas. Initial prospecting at the Ifri site has identified multiple large mineralized shear structures with copper oxide, copper sulphide, silver and gold mineralization. Historical small scale mining for copper and gold is also evident at numerous locations across the property and, significantly, there is a significant scale drilling programme 2.5km west of the permit and an underground gold mine being developed less than 10km north of the permit. have located these operations but the project names are unknown and it is unclear who the operators are. Ifri is located within the Saghro Massif, an area of old (Precambrian) igneous rocks in the Anti-Atlas. In a relatively small area, this series of inliers hosts multiple past producing mines, operational mines and development projects. Probably the most well-know mines are the Imiter silver mine and the Tiouit gold mine. The Bou Skour copper project and Tagmout copper-silver project are also significant deposits and located very close to Ifri. Figure 3 illustrates Ifri's location within an alteration hot spot, where NE-SW faults are thought to represent paths for hydrothermal fluids and mineralization. The next stage at Ifri is asystematic exploration programme including detailed mapping, geochemical surveying, followed by geophysics and drill-target generation. New Risk • Mar 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-UK£647k). Earnings have declined by 63% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (€931.3k market cap, or US$1.00m). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding). Recent Insider Transactions • Jan 31
Independent Non-Executive Director recently bought €439k worth of stock On the 30th of January, Russell Thomson bought around 10m shares on-market at roughly €0.044 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Aankondiging • Dec 20
Critical Mineral Resources plc Announces Directorate Change Critical Mineral Resources plc announces that Christopher Lambert, Chairman, has left the Board of Directors with immediate effect. As the board considers his replacement it announced the appointment of Noureddine Sabraoui, the Company's General Manager, as Chief Operating Officer with immediate effect. Noureddine has had an extensive career in the Moroccan mining industry. As a geologist in the region, he has held a number of senior roles for Moroccan and foreign owned companies including as general manager for operating mines in the industrial minerals sector. Noureddine has also run his own geological and mining services business and he co-founded the Moroccan Association of Mining Companies. Aankondiging • Nov 18
Critical Mineral Resources plc Announces Stepdown of Adrian England as Non-Executive Director, Effective 31 December 2023 Critical Mineral Resources plc announced that Adrian England has informed to Board of his intention to step down as a Non-Executive Director of the Company on 31 December 2023. Whilst Adrian will continue to serve the Company until this date. Board Change • Oct 19
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Russell Thomson is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Dec 09
PM Ploutonic Metals Ltd. and Indo - European Mining Pr Ltd entered into a binding heads of agreement to acquire Cyprus assets of Caerus from Caerus Mineral Resources Plc (LSE:CMRS) for $0.53 million. PM Ploutonic Metals Ltd. and Indo - European Mining Pr Ltd entered into a binding heads of agreement to acquire Cyprus assets of Caerus from Caerus Mineral Resources Plc (LSE:CMRS) for $0.53 million on December 7, 2022. Under the terms of transaction, $0.1 million will be paid after the signing of a formal agreement, $0.000001 million payable ten days after the date of the First Payment and $0.428 million payable by either the SPV or Ploutonic or Indo in cash within ninety days of the Second Payment. Caerus will transfer the Cyprus Shares and intercompany loans to an SPV newly formed by the Purchasers (the "SPV") on or just after completion. Aankondiging • Dec 03
Caerus Mineral Resources PLC Announces Appointment of Adrian England as Non-Executive Director Caerus Mineral Resources PLC announced the appointment of Adrian England as an independent Non-Executive Director. Adrian will be appointed as a member of the Company's Audit and Risk and Remuneration Committees. Adrian England has been in practice since 1982 when he started his professional life as a solicitor. His areas of expertise include commercial litigation, property litigation, employment and business law. Over the course of over 20 years, Adrian has represented numerous public limited companies in substantial commercial litigation matters and undertakes most of his client's advocacy in court. The appointment will take effect immediately. Board Change • Nov 21
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Russell Thompson is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Aankondiging • Jul 12
Caerus Mineral Resources plc Announces Resignation of Andrew Daniels as Non-Executive Director Caerus Mineral Resources plc announced the resignation of Andrew Daniels as Non-Executive Director. Andrew will remain a director of New Cyprus Copper P.A. Ltd, part of Caerus' Cypriot portfolio, which alongside its JV partners holds Cypriot exploration licenses. Aankondiging • Jun 08
Caerus Mineral Resources Plc Announces Joint Venture Drilling Update Caerus Mineral Resources and Bezant Resources with a Joint Venture ("JV") focused on the Troulli Mine Development Project and other copper-gold JV targets in Cyprus, provided Shareholders with the drill results for the Anglisides Licence, a satellite project of the Troulli Joint Venture. The ten-hole diamond drill programme announced on 27 April 2022 was expanded to sixteen holes and has been completed to test the near-surface copper potential for the Anglisides Licence and the assay results for the first eleven drill holes have been received. Anglisides forms part of the JV between the Companies and represents a potential satellite mineral resource that could be delivered to the Troulli central processing hub. Assays have been received for eleven recently completed drillholes for the Anglisides Licence. Drill Results indicating selected mineralisation for the Anglisides Licence Diamond Drill Programme. Notable copper equivalent intercepts achieved for ten of the eleven holes drilled. Results validate the drill programme and confirm the presence of near-surface mineralisation that could potentially be fed into any future Troulli processing plant. Results will be reviewed by external consultant, Addison Mining to determine the extent of any infill drilling required before a JORC (2012) Mineral Resource can be estimated. The presence of easily accessible copper mineralisation at Anglisides offers an opportunity to increase the global Troulli JV Mineral Resource and extend the projected life of mine. Aankondiging • May 28
Caerus Mineral Resources Plc, Annual General Meeting, Jun 01, 2022 Caerus Mineral Resources Plc, Annual General Meeting, Jun 01, 2022, at 10:00 Coordinated Universal Time. Aankondiging • May 27
Caerus Mineral Resources plc Announces Directorate Changes Caerus Mineral Resources Plc announced changes to the Board to support the delivery of the expanded scope of its business objectives. Brian Rowbotham and Richard Hawken are stepping down from their roles of non-Executive Chairman and non-Executive Director respectively. Charles Long, a mining specialist with experience in the extractive industries and financial services sectors continues to serve as Chief Executive Officer ("CEO") and Martyn Churchouse, the former CEO, remains in a Senior Consulting Role to advance the Joint Venture between Bezant Resources plc ("Bezant") and Caerus in respect of the Troulli Project in Cyprus. Christopher Lambert is appointed as the Executive Chairman of Caerus. Chris has a background in financial services and commodity trading in London andhas extensive experience in non-Executive and Executive Chairman roles for public companies, and of asset identification and acquisition in the natural resources sector. Russell Thompson and Dominic Traynor join the Caerus Board, both in the role of non-Executive Director. They join Andrew Daniels whose role remains unchanged. Russell is the Finance Director of EV Metals Group and Dominic is an Alternate Director and Joint Company Secretary. Both have long and successful careers in companies or consultancies engaged with mining and exploration and will support the Company in its quest for new business acquisitions in Europe. Aankondiging • May 10
Caerus Mineral Resources Plc Provides Kapedes Project Update Caerus Mineral Resources provided an update on exploration activities on the Kambia - Kapedes Project Licences in Cyprus. The Kambia mine operated between 1952 and 1960 primarily as a pyrite mine and,the Kokkinovounaros (Red Hill) auriferous gossan was discovered and mined for a short time in the 1930's. All sampling to date has been via channel samples collected by hand by means of both vertical and horizontal channels over lengths ranging from 1.0 m to 5.0 m in length. No multi-element assays have yet been returned from the laboratory but are expected soon, providing further detailed information on potential copper and other base metal content. The consistent high-grade gold results occurring over a significant strike length are sufficiently encouraging to warrant further detailed follow-up and the possible initiation of a dedicated exploration programme aimed at the delineation of a stand-alone gold or copper-gold project. The decision regarding the nature and scope of the future work programme will be made by the incoming management team. Aankondiging • May 06
Caerus Mineral Resources Plc Provides Kalavasos Project Update Caerus Mineral Resources Plc provided an update on exploration on the Kalavasos Project licences in Cyprus. First batch of grab samples from recent exploration near the Platies Mine area returned peak gold assays of 7.65g/t Au, 2.83g/t Au and 2.74g/t Au. Corresponding copper grades peaking at 0.48% Cu. Results sufficiently encouraging to warrant further detailed follow up including scout drilling. Kalavasos Project: The Kalavasos Project area includes several abandoned mines including Platies, associated waste dumps and exposed gossans. Widespread ancient mine workings and slag dumps remain from pre-Roman era exploitation. In many cases, strong gossanous alternation at surface was also targeted for gold and silver. The Kalavasos prospect sits within the easternmost part of the volcanic units of the Southern Troodos Domain. The Kalavasos area also has significant structural complexity with faults mapped in various geometries. The project area includes gabbro, sheeted dykes and minor ultramafic units which are considered prospective for disseminated sulphide systems. Sulphide orebodies of the Cyprus-type, comprising massive and/or stockwork-type cupriferous pyrite deposits occasionally capped by ochre and post-mineralisation lavas or, more frequently, intersected by post-mineralisation dykes. The Kalavasos district of orebodies has a pronounced NE-SW pattern reflected in both in the orientation of the Axis Sequence dykes and the trend of the faults and major mineralised zones. Aankondiging • May 04
Caerus Mineral Resources plc and Bezant Resources plc Announce Cyprus Joint Venture Drilling Update Caerus Mineral Resources and Bezant Resources with a Joint Venture ("JV") focused on the Troulli Mine Development Project and other copper-gold JV targets in Cyprus is provide Shareholders with the drill results for the Troulli Project. TRDD030: A highly significant drillhole sited to test for extension of mineralization to the northwest of the current deposit and Mineral Resource. The intersection of high-grade copper - gold mineralization over a notable width bodes well for planned follow-up drilling of the NW extension. TRDD034: Mineralization reaffirms the presence of sulphide copper-gold mineralization beneath the oxide gold cap to the south of the former Troulli open pit and strengthens the geological model and Mineral Resource. TRDD035: Drilled at the east end of the old Troulli open pit and the start of the extension of mineralization returned economic grade copper mineralization. TRDD036: Also drilled at the eastern end of the former open pit intersected old underground workings together with economic grade copper mineralization over a significant width of 30.1 metres. TRDD037: Located north of the oxide Gold Zone and drilled into the former open pit access ramp and fault zone separating the pit from the Gold Zone demonstrated the presence of previously unknown mineralization between the two delineated deposits. TRDD038, TRDD039 and TRDD040: Notable mineralized intercepts of first phase drilling of gossans located between Troulli and Kokkinapetra. The three wide-spaced holes are located along a 1.5km strike length all returning copper mineralization over widths of more than 11 metres with two holes returning mineralization from surface. New higher-grade intercepts of this nature make the Troulli resource more robust and provides for more flexibility both in terms of resource estimation and future mine scheduling. Troulli continues to deliver with all of the recent drillholes returning impressive grades over substantial widths demonstrating that Troulli still has plenty of upside and scope for further expansion. The assay intercepts for the first three holes drilled as part of the planned step-out drilling along the 1.5km strike length to Kokkinapetra have delivered exciting results with all three holes intercepting near-surface copper mineralisation. The scheduled geophysical survey over the same area is designed to expose further targets in addition to uncovering local structure that is assumed to control mineralisation which could lead to more discoveries between Troulli and Kokkinapetra. Aankondiging • Apr 28
Caerus Mineral Resources Bezant Resources Provides Update on Work Planned and Underway, Historical Exploration At the Anglisides Project, Troulli Expansion Programme and Update on Metallurgical Test Work Caerus Mineral Resources and Bezant Resources provided Shareholders with a further Joint Venture update on work planned and underway, historical exploration at the Anglisides project, Troulli expansion programme and update on metallurgical test work. Anglisides Project is located close to the Troulli Project and is considered a potential satellite resource where ore could be fed into any future Troulli plant. The Anglisides Project forms part of the Joint Venture between the Companies. Ten holes have been drilled to date by Caerus as part of the current Anglisides drill programme for a total of 431.2 metres. The focus has been on the near-surface southern copper-gold gossan target. A further three holes will be drilled before the rig relocates to test the northern gossan with an additional 4 holes. The target for the current drill programme is to combine its results with the historic data, highlights of which are summarised below, to generate an initial Mineral Resource Estimate sufficient to allow for a Preliminary Economic Assessment and, subject to results, the inclusion of an Anglisides Mineral Resource in the financial modelling of the Troulli Project. Historic trenching and drilling at the Anglisides Project have returned very encouraging grades that have motivated the current drill programme with a focus on near-surface copper-gold mineralisation that could be treated as a supplementary feedstock as part of the Troulli Project on the basis that Anglisides is expected to be within an economic haulage distance of Troulli. Katla Exploration explored the area by means of geochemical, and geophysical surveys and drilling during 2011-2013. This included in 2011 channel and grab samples which returned a peak grade from dumps of 50.1g/t Au. Equally impressive channel samples were recorded over notable widths. Diamond drilling has been undertaken by various parties since the 1930's with more detailed evaluation having been completed by the Cyprus Geological Survey (7 holes. 1970), Noranda Exploration (9 holes. 1976 - 77) and Katla Exploration (11 holes. 2011 - 12). More recently, in 2015, P. Von-de-Tsianos Gold Mines Limited, drilled 12 shallow holes specifically to test the gold-bearing gossans at surface. Addison Mining is interacting with on-site staff to optimise drillhole location as part of the resource expansion programme. This may include some limited infill drilling, but the focus will be on step-out work between the Mineral Resource Estimate for the Troulli project of a total Hard rock resource estimate of approximately 4.9 million tonnes at 0.41% Cu and 0.2 g/t Au for 20,000 t of Cu metal and 31,000 ounces of Au announced on 6 April 2022 and the Kokkinapetra prospect located approximately 1.5km to the east of Troulli.Mineralisation appears to dip NW and exploration is focussing on the west and NW extensions to the defined Mineral Resource. In addition, the exploration team will trace the mineralisation between the Gold Hill, the source of high-grade gold oxide mineralisation and former Troulli open pit and likewise follow up the deeper mineralisation found close to the southern bounding fault. The 1.5km extension between Troulli and Kokkinapetra, known locally as Mavroumouti is another expansion exercise, testing the resource in all directions with special focus to the east where Caerus-generated grab samples announced on 13 January 2022 by Caerus returned anomalous grad sample results for surface gold mineralisation including grades of 4.2g/t Au, 1.76g/t Au, and 0.76g/t Au The planned ground magnetic and IP geophysical survey is also designed to identify structures likely to have influenced metal distribution and other buried sulphide targets adding to the drill targets. As a result, drilling of Mavroumouti is likely to be scheduled for post completion of the ground geophysical survey to allow for more accurate siting of drill collars and in anticipation of additional blind targets that may be generated by the survey. The Jubilee Metals Group Plc test work has advanced to a stage where sufficient bench-scale information has been generated to permit a move to the next stage of the design process with the recently announced Mineral Resource Estimate being paired with the various extraction techniques leading to optimisation of a flow sheet. Aankondiging • Apr 06
Bezant Resources and Caerus Mineral Resources Announce the Results of an Independent Initial Mineral Resource Estimate Bezant Resources and Caerus Mineral Resources announced the results of an independent Initial Mineral Resource Estimate, reported in accordance with JORC Code (2012), in respect of the Troulli Cu-Au project ("Troulli" or the "Troulli Project"). Independent Indicated and Inferred Mineral Resources Estimates for Troulli, reported in accordance with JORC Code (2012) prepared by Addison Mining Services Limited ("AMS"). The input databases for the waste dumps and hard rock estimates, included: 72 diamond and open hole percussion drillholes, totalling 3,393.30 metres. 208 trench channels for 692.17 metres. At a selected cut-off grade of 0.5% Cu, a hard rock resource estimate of approximately 2.7 million tonnes at a Cu equivalent grade of 0.74% CuEq (0.51% Cu and 0.26 g/t Au) has been established. A Total Hard Rock Resource Estimate of approximately 4.9 million tonnes at 0.41% Cu and 0.2 g/t Au for 20,000 t of Cu metal and 31,000 ounces of Au, from a cut-off grade of 0.26% Cu equivalent. The Hard Rock Resource Estimate is comprised of: Indicated Gossan Resources of 260,000 tonnes at 0.18% Cu and 0.91 g/t Au for 460 t of Cu and 7,700 ounces of Au. Inferred Gossan Resources of 180,000 tonnes at 0.14% Cu and 0.47 g/t Au for 260 t of Cu and 2,800 ounces. Inferred Breccia Resources of 4.4 million tonnes at 0.43% Cu and 0.14 g/t Au for 19,000 t of Cu and 21,000 oz of Au. Inferred waste and tailings dump resources of approximately 93,000 tonnes at 0.76% Cu and 0.12 g/t Au for 710 tonnes of Cu and 360 oz of Au. Aankondiging • Mar 29
Caerus Mineral Resources plc Announces Mala Project Update Caerus Mineral Resources provided an update on the Mala Project in Cyprus. The Mala Project consists of the Mala and St. Nicholas licenses, located in western Cyprus, with a key focus on the historic Mala pyrite and St. Nicholas mines. Both historic operations have indicated large remnant sulphide-based deposits and significant on-surface deposits. The Mala pyrite mine is reported to have produced over 200,000 tonnes ("t") of ore, including 80,000t at 0.55% Cu. The target area has identified numerous volcanic vent structures, which are synonymous with volcanogenic massive sulphide ("VMS") systems. Its prospectivity is enhanced by the presence of a large number of northwest-southeast trending faults. The deposit remains exposed within the historic open pit, and a 1994 report estimated a non-JORC (2012) ore reserve of 200,000 tonnes. The site also hosts an estimated 500,000 tonnes of ore stockpiles, mine dumps and tailings. The dump materials were the target of recent on-site testing to assess both gold and base metal grades as possible future sources of low grade leachable feedstock. Aankondiging • Feb 25
Caerus Mineral Resources and Bezant Resources with Joint Venture Focuses on the Troulli Mine Development Project and Other Copper - Gold Jv Targets in Cyprus Caerus Mineral Resources and Bezant Resources with a Joint Venture ("JV") focused on the Troulli Mine Development Project and other copper - gold JV targets in Cyprus, advised Shareholders that independent laboratory assays have been received for both dump sampling and drilling for the Troulli, Kokkinapetra and Anglisides JV Projects. Troulli Project: stock pile sampling average grade of 1.2% Cu; tailings sampling at double projected grade; and positive copper and gold mineralisation drill results outside main Troulli deposit area Troulli stockpile sampling has returned a consistent average copper grade of 1.2% Cu over more than 639 metres of trenching with sections sampled at 5 metre intervals. Troulli tailings sampling over 44 metres has returned an average grade of 0.4% Cu and 0.2g/t Au, double the projected grade and provides a further easily accessible low-cost resource for early cash flow. Drilling on the fringes of the Troulli deposit has extended the surface profile of both copper and gold mineralisation with peak intercepts including: TR21DD007: 0.86% Cu eq over 15.6m from 67.1m, TR21DD013: 1.21g/t Au over 21.8m from 2.7m, TR21DD014: 0.77% Cu eq over 37.1m from 0.0m, TR21DD014: 0.8g/t Au over 15.2m from 0.0m, TR21DD017: 0.50g/t Au over 35.5m from 0.0m, TR21DD017: 1.0% Cu eq over 16.05m from 15.05m, TR21DD018: 0.50g/t Au over 36m from 5.2m, TR21DD018: 0.60% Cu eq over 39.4m from 4.0m, TR21DD019: 0.65% Cu over 16.9m from 21.6m, TR21DD019: 0.8g/t Au over 10.4m from 0.0m. Kokkinapetra Project:: Drilling of the 1.5km strike length of the Kokkinapetra extension of the Troulli deposit returned extremely encouraging drill results including 0.85% Cu eq over 28.10m from surface, 1.0g/t Au over 10.8m and 0.66% Cu eq over 29.2, also from surface. Ground geophysical survey will now be conducted to better define the next round of drill targets. Anglsides Project: Validation drilling of the Troulli satellite project, Anglisides returned equally encouraging results with a peak intercept of 1.18% Cu eq over 40m from surface. A more comprehensive drilling programme will now be undertaken with the objective of defining a high-grade resource that can be processed off-site at the future Troulli plant site. Preliminary trench assay results have been received for several dumps and tailings on the Troulli site. TROSP (Main) Stockpile Results have been received for 6 trenches excavated across the stockpile over a combined sample length of 512 metres. The cumulative average copper grade, based on average grades of representative channel samples taken at 5m intervals along each trench returns a grade of 1.20% Cu over 2.6m. Aankondiging • Feb 24
Caerus Announces the Appointment of Nigel Chapman as Chief Operating Officer for Caerus's Cypriot Operations The Board of Caerus announced the appointment of Nigel Chapman as Chief Operating Officer for Caerus's Cypriot operations. Aankondiging • Jan 14
Caerus Mineral Resources Plc Provides Update on Recent Exploration Results and Work Programmes and Objectives for the Year Ahead Caerus Mineral Resources Plc to provide shareholders with an update on both recent exploration results and work programmes and objectives for the year ahead. A wide-ranging programme of Resource development and further exploration is scheduled for multiple projects in Cyprus with an emphasis on the completion of a first Joint Venture and the development of the first mining project. Troulli Project - Conclusion of the first Jubilee Metals Group ("Jubilee") Joint Venture in parallel with the generation of a JORC (2012) Mineral Resource triggering design of a processing facility and commencement of mine development. Troulli - Kokkinapetra Extension Project - Following up on the encouraging new gold 'grab' and drill assays with the objective of proving-up of additional copper-gold mineral resources along the 1.5km of extension between the two sites, thereby adding to the Troulli life-of-mine. Kalavasos Project - Generation of the initial JORC (2012) Mineral Resource based on dumps and the engagement of Jubilee for metallurgical test work leading to a second Joint Venture. Mala Project - Development of a JORC (2012) Mineral Resource and confirmation that an economically viable project can be developed based on in-house and external metallurgical test work and high-level mine planning. St. Nicholas - Generation of either a high-grade JORC (2012) Mineral Resource that can be processed at the Troulli site or an expansion towards a stand-alone Mineral Resource on the St. Nicholas Licence. Anglisides - Preliminary Economic Assessment ("PEA") in parallel with diamond drilling and metallurgical test work to determine whether Anglisides represents a high-grade satellite Resource for central treatment at the Troulli plant or a stand-alone operation. Pano Lefkara - Completion of drone surveys, the first two phases of diamond drilling and the development of an initial JORC (2012) Mineral Resource. The intention in 2022 is to quickly build their Cyprus Resource base with JORC Resources declared at multiple sites with an initial focus on Troulli, its' extensions and satellites which offer potential high-grade exploitable ore in the near term. Kalavasos Project - Encouraging assay results from scout drilling with a peak intercept of 0.95g/t Au over 3 metres confirms the presence of gold in dump material at depth, complementing earlier results from surface grab samples. Detailed drone surveys have been undertaken that will allow the Company to calculate the volume of dump material leading to an initial JORC (2012) Mineral Resource estimate. Mineralised dumps are a key trigger for the engagement of JLP as metal-bearing surface materials provide all parties with confidence that an initial Mineral Resource and associated recoverable metals can be generated at low-cost from easily accessible sites using familiar and trusted technologies. Troulli Extension - Notable gold assays and intercepts from the latest laboratory data, including 1.4g/t Au over 52.6 metres provide the motivation for a comprehensive programme of ground geophysics and detailed exploration leading to diamond drilling as part of a campaign to generate additional Mineral Resources to increase the life of mine of the Troulli Project. Kokkinapetra Project - Pervasive 'umber' (a reddish-brown iron-rich pigment indicative of hydrothermal vents in a VMS system) at surface across the Kokkinapetra Project area complemented by the recent anomalous gold grades from a single pilot drillhole raise both the profile of the Kokkinapetra Project and the scope for the discovery of a new VMS deposit. The location of Kokkinapetra, 1.5km from Troulli allows for the treatment of any new Mineral Resource in the Troulli processing plant. Troulli Project Mine Development - At present, an estimated 1,500 assays for copper (and gold) remain outstanding, representing another 10 drillholes from the Project area. Preliminary work has been completed by external Resource consultant Addison Mining, and it now remains for the remaining assay data to be input into the geological model ahead of the announcement of an initial JORC (2012) Mineral Resource. Anglisides Project - Partial results (gold only) have been received for two short percussion drillholes completed at the Project returning an encouraging gold intersection of 0.81g/t Au over 38m including 1.92g/t Au over 10m from surface. The hole ended in gold mineralisation. Copper assays are pending. Anglisides represents a satellite project and a possible future source of ore for the Troulli processing plant. Sampling was conducted using two metre composites from drill chips. Mala Project Development - Positive copper-gold assays received in late December exceeded expectations raising the profile of the Mala Project. Further work will be undertaken to determine both the tonnage and grade of copper-gold-bearing tailings and stockpiles together with a programme to test other known targets within the licences that make up the Project. A broadly drill-defined copper - gold sulphide body located close to surface will also be converted to a JORC (2012) Mineral Resource to provide an initial mineral inventory at Mala. Aankondiging • Dec 15
Caerus Mineral Resources plc Announces Resource Development and Exploration Update Caerus Mineral Resources provided shareholders with an update on exploration and resource development work in Cyprus, including drill and trench analyses for copper and gold. Gold Oxide Drill Programme (Troulli): Assay results received for some of the short percussion holes drilled into the Gold Oxide Zone at Troulli returned highly encouraging results; 20 percussion and 10 diamond drillholes completed to date. Analyses for all diamond drillholes still to be received from the independent laboratory; Ongoing diamond drilling will provide the information required to complete the generation of a JORC (2012) Mineral Resource expected in first quarter 2022; It is important to note all mineralization commences from surface and is thus conducive to low-cost mining. Copper Zone Drill Programme (Troulli Au Oxide Zone): The company is now confident that the new copper zone discovery located close to surface and immediately beneath the Gold Oxide Zone will convert to a viable copper sulphide Mineral Resource; Initial percussion drilling did not intersect the full width of sulphide copper mineralization. This has now been achieved with the recent diamond drill programme from which further analyses are pending; The Company is targeting a copper sulphide JORC (2012) Mineral Resource during first quarter 2022. Copper Sulphide Drill Programme (Open Pit Extensions): Eight drillholes have been completed in the sulphide zone of the former open pit, with assays returned for only one hole to date; TR21DD002 has returned highly significant mineralized intercepts indicative of a broad zone of sulphide mineralization commencing at surface and extending to depth beneath the former open pit; Copper mineralization has been demonstrated in all holes drilled to date which, combined with the package width intercepted in drillhole TR21DD002 implies potential for a sizeable mineral resource once all assays for the other drillholes drilled have been received. Surface Material Sampling (Troulli): A wide-ranging and comprehensive programme of trenching and sampling has been completed over all ore stockpiles, low-grade dumps, tailings and other surface materials at Troulli; pXRF analysis on dumps has returned impressive results in the 0.29 to 17.7% Cu range that will now be confirmed by external laboratory analysis; A total of 494 Trench samples have been dispatched for analysis covering a combined trench length of 709 metres; 26 samples, including bulk composites from stockpiles have been sent to its partner Jubilee Metals Group for metallurgical testing; To date, a total of 1,064 metres of trenching has been excavated; Evidence to date indicates the discovery and delineation of a substantial volume of mineralized surface materials offering low-cost, easily accessible feedstock providing a quick and simple route to early cashflow. Aankondiging • Sep 23
Caerus Mineral Resources plc Announces Troulli Diamond Drill Programme Caerus Mineral Resources informed Shareholders that diamond drilling for Resource definition has commenced at the Troulli Project one month ahead of schedule. The diamond drill rig scheduled to arrive in Cyprus in October has been delivered to site almost a month early. The rig was transferred to the Troulli Project site on Friday 17 September 2021 and commenced drilling on 20 September 2021. Highlights: The Resource evaluation programme scheduled for Troulli Project has commenced ahead of schedule. Hard rock samples will be collected and delivered to Jubilee Metals Group ("Jubilee") for further detailed mineralogical test work. The Company will capitalise on the current availability of both a diamond and a scout drill rig to run two drill programmes in parallel. Access to low-cost scout drill data enables the Caerus exploration team to broadly define legitimate targets well-ahead of more costly diamond drilling and the definition of potential Mineral Resources. Diamond drilling will initially focus on sulphide mineralisation in the former Troulli open pit, extensions of the pit, the high-grade gold oxide zone and underlying sulphide mineralisation. Scout drilling will operate in advance of the diamond rig testing the 1.5km long structure hosting impressive evidence of hydrothermal activity (a prerequisite for Volcanogenic Massive Sulphide formation) that may link the Troulli deposit with the Kokkinapetra deposit. Scout drilling will also test the 32,000m2 surface area covered by gold oxide mineralisation at Kokkinapetra and test for underlying sulphide mineralisation. Once scout drilling is completed, the rig will relocate to other priority targets within the Caerus project portfolio and delineate mineralisation in anticipation of follow-up by diamond drilling. The rig will drill-out a variety of resources and targets provisionally defined by the recent scout drilling programme with the purpose of defining an NI 43-101 Mineral Resource and will provide high-quality fresh samples for further mineralogical test work being undertaken by Jubilee Metals Group ("Jubilee"). Aankondiging • Sep 21
Caerus Mineral Resources Provides Kalavasos Project Exploration Update Caerus Mineral Resources provided Shareholders with an exploration update for the dump evaluation programme and general exploration of the Kalavasos Project ("Kalavasos"). The five exploration licences that make up the Kalavasos Project host 14 former producing high-grade copper mines. In addition to the potential for new copper discoveries, the Project also harbours a large number of metal-bearing dumps including eight distinct areas of dumps on Licence AE4608 alone. As such, the Caerus management team took a view at the time of licence acquisition that the combination of historic events leading to premature closure of a still developing Volcanogenic Massive Sulphide district at Kalavasos could have resulted in residual copper and gold being present in dumps. To the best of the Company's knowledge, dumps had never previously been tested for metal content and as such, the recent discovery of copper and gold in Kalavasos dumps represents an important step in the Company's 'Waste to Revenue" strategy and fully justifies the Company's decision to acquire the Project. Aankondiging • Sep 14
Caerus Mineral Resources plc Announces the Results from Due Diligence Scout Drilling on the Recently Acquired Pano Lefkara Licence Caerus Mineral Resources Plc announce the results from due diligence scout drilling on the recently acquired Pano Lefkara Licence, located in the Republic of Cyprus. Caerus has completed successful due diligence scout drilling over the Pano Ldefkara Licence, aimed at confirming the results derived from historic exploration and drilling ahead of commencing a more detailed programme of work. Highlights include: Due diligence scout drilling has intersected significant gold oxide and copper - gold sulphide mineralisation at shallow depth; A zone of mineralisation, with a surface area of 500 metres x 400 metres has been defined for follow-up; The project area is considered "drill-ready" and diamond drilling will now be scheduled for the Project. The Pano Lefkara Licence was acquired as part of the Cyprus Gold Mines acquisition which completed in August 2021. Historic drilling in sulphide mineralisation returned intersections including 3.13% Cu & 4.10g/t Au over 7.6m from 38.1m and 0.70% Cu & 1.82g/t Au over 27.43m from 36.58m. A gold breccia has also been drilled returning a peak intercept of 3.4g/t Au over 41m from surface.
Historic work that included channel sampling of gold oxides returned peak intercepts of 3.47g/t Au over 41m and 1.1g/t au over 25m. Grab samples collected over the 500m by 400m project area returned a notable number of samples at grades of between 5.0g/t Au and 8.66g/t Au. Soil geochemistry over an enlarged area generated a clearly definable gold in soil anomaly that confirmed the prospectivity of the 200,000m2 target area. Aankondiging • Aug 10
Caerus Mineral Resources Plc (LSE:CMRS) completed the acquisition of P.Von-de-Tsianos Gold Mines Ltd. Caerus Mineral Resources Plc (LSE:CMRS) entered into agreement on Heads of terms agreement to acquire P.Von-de-Tsianos Gold Mines Ltd for £0.3 million on June 28, 2021. The transaction between Caerus and GMCL values the acquisition of GMCL's issued shares and its licence assets at £0.3 million, the balance of £0.28 million payable in cash upon Completion. The transaction has been funded through the recent disposal of the Black Pine nickel-cobalt project and associated licences to Aeramentum Resources Pty. Ltd. as announced on July 29, 2021. Jon Belliss of Novum Securities Limited acted as financial advisor to Caerus Mineral Resources Plc.
Caerus Mineral Resources Plc (LSE:CMRS) completed the acquisition of P.Von-de-Tsianos Gold Mines Ltd on August 9, 2021. Aankondiging • Jun 15
Caerus Mineral Resources Provides Troulli Exploration Update Caerus Mineral Resources provided update on the due diligence drilling conducted on the recently acquired PR Ploutonic Resources Ltd. Troulli Project completed on 11 June 2021. Highlights: Drilling results significantly exceed expectations, with all holes intersecting significant gold and/or copper mineralisation; Eight vertical percussion holes completed; Drilling indicates a robust and potentially significant oxide gold and VMS copper-gold deposit located on the site of a former small-scale mine; Continuous oxide gold zone mineralisation over substantial widths from surface to the interface with the underlying VMS copper-gold sulphide zone; VMS sulphide mineralisation was found to be present at the base of every hole drilled; The surface oxide gold zone remains open in all directions; Underlying VMS copper-gold zone remains open at depth and laterally in all directions; The continuity of gold values in the oxide gold zone indicates pervasive mineralisation with potential for upscaling resulting in a revenue-generating gold resource overlying a VMS copper-gold zone open at depth and in all directions laterally. In addition to the known, partially delineated dumps, tailings and ore stockpiles within the Troulli licence, the Company is now confident of adding gold oxide mineralisation together with VMS copper-gold mineralisation from three separate and distinct targets, firstly, residual ore in the former open pit, secondly, extensions to the former open pit and thirdly, the recently intersected VMS zone underlying the oxide gold zone. To this should be added tonnage derived from the oxide gold zone, which remains to be defined from further drilling. In addition, the Kokkinapetra Licence, also part of the PRL Ploutonic acquisition and located 1.5 kilometres from Troulli hosts the same style of mineralisation and has returned rock chip and channel samples consistently above 1g/t Au. Kokkinapetra has not been fully evaluated, offering scope for further oxide gold and VMS copper-gold discoveries. The Troulli Project and, in particular, the Troulli VMS (Volcanogenic Massive Sulphide) copper deposit, like most copper deposits in Cyprus, was initially discovered in Roman times as evidenced by the ancient galleries and small remnant "slag" piles on the License. The first production of any significance occurred in 1936 when Berdy Mining Limited first obtained a mining licence. Berdy operated from 1936 - 1962, erecting the first sulphide flotation plant in 1956, treating a modest 46,500 tons of copper ore in total. Historical records suggest that Berdy Mining also produced approximately 1,500 ounces of gold and 6,000 ounces of silver from the oxide gossan that is subject to the recent drilling. Sporadic exploration was undertaken at various times until 1974, when the then-operator Geominco was forced to close its plant and operation following the Turkish invasion. From 2017 to 2021, Ploutonic Resources Ltd. conducted several phases of exploration including detailed geological mapping, surface trenching and pitting over the oxide gold zone just to the south of the current open pit and remnant VMS copper resources. As a result, Ploutonic discovered a relatively continuous zone of oxide gold mineralisation that appears to be faulted off from the upper part of the main Troulli VMS copper deposit. This zone remains open in all directions and at depth as only the top few metres of the sulphide mineralisation have been tested. Aankondiging • Jun 12
Caerus Mineral Resources Plc (LSE:CMRS) completed the acquisition of PR Ploutonic Resources Ltd from Andrew Daniels and others. Caerus Mineral Resources Plc (LSE:CMRS) entered into a heads of terms to acquire PR Ploutonic Resources Ltd from Andrew Daniels and others for £0.75 million on April 8, 2021. The consideration is payable through the issuance of 3,311,258 restricted-trading new Ordinary Shares of 1p each ("Consideration Shares"). The transaction is subject to Caerus shareholder approval and signing of Share Purchase Agreement. As of April 28, 2021, shareholder of Caerus Mineral Resources have approved the transaction. The transaction is expected to close on May 14, 2021. As of April 28, 2021, the transaction is expected to close on May 21, 2021.
Caerus Mineral Resources Plc (LSE:CMRS) completed the acquisition of PR Ploutonic Resources Ltd from Andrew Daniels and others on June 11, 2021.