Announcement • Oct 27
Province Resources Limited, Annual General Meeting, Nov 24, 2025 Province Resources Limited, Annual General Meeting, Nov 24, 2025. Location: at suite 9, 110 hay street, subiaco wa 6009, Australia Announcement • Oct 18
Province Resources Limited (NSX:PRL) announces an Equity Buyback for 460,893,667 shares, representing 39.01% for AUD 1.38 million. Province Resources Limited (NSX:PRL) announces a share repurchase program. Under the offer, the company will repurchase up to 460,893,667 shares, representing 39.01% for AUD 1.38 million. The shares will be repurchased from the shareholders who hold less than AUD 500 worth of shares. The shares will be repurchased at AUD 0.003 per share. The repurchased shares will be cancelled. The record date for the offer is October 15, 2025. The offer will be valid till December 5, 2025. As of October 15, 2025, the company had 1,181,493,143 shares issued and outstanding. Board Change • May 01
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Charles McHugh was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 15
Province Resources Limited Announces Resignation of Kylah Morrison as Non-Executive Director, Effective February 24, 2025 Province Resources Limited announced that Kylah Morrison has resigned as a non-executive director, effective 24 February 2025. This announcement has been approved by Peter Wall, Chairman. Announcement • Oct 25
Province Resources Limited, Annual General Meeting, Nov 26, 2024 Province Resources Limited, Annual General Meeting, Nov 26, 2024. Location: suite 9, 110 hay street, subiaco wa 6008, via a web-based meeting portal, Australia Announcement • Nov 29
Province Resources Limited Appoints Peter Wall as Director Province Resources Limited announced the appointment of Peter Wall as Director. Date of appointment 28 November 2023. Announcement • Sep 06
Province Resources Limited, Annual General Meeting, Nov 28, 2023 Province Resources Limited, Annual General Meeting, Nov 28, 2023. Agenda: To consider election of directors. Board Change • Mar 07
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). MD, CEO & Director David Frances is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman Pat Burke was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). MD, CEO & Director David Frances is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Chairman Pat Burke was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Recent Insider Transactions Derivative • Jul 20
Non-Executive Director exercised options to buy AU$157k worth of stock. On the 18th of July, Kylah Morrison exercised options to buy 2m shares at a strike price of around AU$0.083, costing a total of AU$138k. As of today, Kylah currently holds no shares directly. Company insiders have collectively sold AU$862k more than they bought, via options and on-market transactions in the last 12 months. Announcement • Jun 22
Province Resources Ltd Provides Update on Drilling Results from the Gnama Nickel-Copper Project in the Fraser Range Province of Western Australia Province Resources Ltd. provided an update on drilling results from the Gnama nickel-copper project in the Fraser Range Province of Western Australia. Drilling has confirmed the prospectivity of the Gnama South project with drilling successfully intersecting a mafic intrusive body below historical supergene nickel-copper anomalism. Geochemical data indicates that this intrusion has a similar magmatic source and emplacement history as the Eye intrusion which hosts IGO's Nova-Bollinger deposit some 30km to the northeast. Fraser Range Gnama Nickel-Copper Project The Gnama Project is located at the southern end of the Fraser Range host to several recent nickel discoveries including Nova-Bollinger (Sirius Resources /IGO), Silver Knight (Creasy Group) and Mawson (Legend Mining). All these discoveries contain similar features: Shallow oxide Ni-Cu-Co anomaly; Barren interval below supergene enrichment; Local geology of meta-pyroxenites intruded into a sequence of quartz-feldspar-biotite-garnet meta-sediments; High-grade sulphide mineralisation, initially identified by either ground EM or downhole EM surveying. Gnama was first identified by Newmont in the 1960's from geochemical sampling and shallow drilling. Sirius Gold Pty Ltd. then held the tenement from 2004 to 2011. Drilling by Sirius intersected significant elevated Ni, Cu and Co enrichment in the oxide zone above mixed mafic lithologies: Drill hole SFRC0005 intersected 16m @ 0.6% Ni, 0.14% Cu and 0.13% Co from 36m; Drill hole SFRC0006 intersected 20m @ 0.57% Ni, 0.17% Cu and 0.08% Co from 28m. At the time, Sirius remarked that "Whilst the elevated levels of Ni and Co could be explained by lateritic enrichment, the presence of copper suggests that the underlying rocks may contain sulphide mineralisation." Sirius discovered Nova in 2012, a year after drilling the Gnama tenement. Province's drilling programme aimed to comprehensively test the bedrock below the supergene anomalism identified by Sirius. Drilling successfully reached depths greater than 250 metres and casing was installed to enable DHEM surveying to take place. In total 870 metres were drilled in 3 RC holes. Drilling intersected mafic intrusive bodies in all 3 holes in close proximity to the Snowy's Dam HEM surveys were completed in GSRC002 and 003 as GSRC001 was blocked. No clear offhole bedrock anomalism was defined in the two holes with localised responses detected at certain depths within the mafic intrusives. As a consequence the focus moves to re-assessing historical surface EM surveys at the project and comparing their effectiveness given the results of Province's drilling. In addition further trace element studies will be completed to confirm the degree of sulphur saturation and crustal contamination and aid in vectoring to potential targets. Further drilling is likely to focus on mapping out the extents of the Gnama intrusion and providing platforms for further high powered EM surveys to detect sulphide accumulations.Formation, a sulphide-bearing metasedimentary unit. The Snowy's Dam unit has been identified as a source of sulphur and crustal "contaminants" in the formation of the Nova-Bollinger Deposit (Maier et. al., 20161). Saturation of sulphur in the magma chamber triggers the precipitation of sulphide minerals from the melt and accordingly a source of sulphur is a key criteria in the formation of magmatic sulphide hosted nickel copper mineralisation. Geochemical data from the Gnama intrusion displays a similar fingerprint to the "Eye" intrusion which hosts the Nova-Bollinger Deposit. According to Maier et al (2016) the Nova-Bollinger intrusives have higher Al2O3 and CaO, and lower FeO and TiO2 at a given MgO content, and show significantly lower concentrations of incompatible trace elements. The presence of sulfide in samples around NovaBollinger samples results in the scatter in plots of Ni and Cu vs MgO, which is also seen in the Gnama samples. In contrast, if Ni was present solely in "silicate nickel" ie hosted in minerals such as olivine there would be a linear relationship between Ni and MgO. Encouragingly assays from bedrock samples contained significant contents of sulphur with values averaging 0.5 % through the mafic intrusive. HEM surveys were completed in GSRC002 and 003 as GSRC001 was blocked. No clear offhole bedrock anomalism was defined in the two holes with localised responses detected at certain depths within the mafic intrusives. As a consequence the focus moves to re-assessing historical surface EM surveys at the project and comparing their effectiveness given the results of Province's drilling. In addition further trace element studies will be completed to confirm the degree of sulphur saturation and crustal contamination and aid in vectoring to potential targets. Further drilling is likely to focus on mapping out the extents of the Gnama intrusion and providing platforms for further high powered EM surveys to detect sulphide accumulations. Announcement • May 27
Province Resources Limited Provides Update on Skane Vanadium Project Province Resources Limited updated shareholders on the progress of metallurgical testwork on samples from the Skåne Vanadium Project, located in southern Sweden. Skåne hosts an Indicated and Inferred Mineral Resource of 116.9 million tonnes at 0.39% V2O5 (61.8Mt at 0.39% V2O5 in the Indicated category and 55.0Mt at 0.39% V2O5 in the Inferred category) at the Hörby Target. As contemplated in the ASX Announcement of 9 December 2021, Grinding Solutions has carried out FEG SEM analysis aimed at determining the deportment of vanadium within the shale-hosted mineralisation and trialled different methods to maximise the extraction of the vanadium into solution. SEM analysis has revealed that the vanadium is mostly contained within muscovite, with the only other host being rutile (which is only present in trace amounts). The % vanadium within the muscovite is not consistent. As a result separation of the muscovite alone will not result in a vanadium-bearing concentrate suitable for refining and further processing steps are required. Grinding Solutions trialled flotation as a means of concentrating the vanadium bearing minerals but were unsuccessful in upgrading the vanadium content into concentrate. Previous testwork trialled pressure oxygenation leaching as a concentration method without success. The conclusion is that there is currently no viable process option available for the Skane mineralisation. Given these findings the Company will defer the techno-economic study referred to in the ASX Announcement of 9 December 2021. The Company will look to carry out further testwork on the Skåne samples however it is likely it will have to seek new and innovative processing options which may assist in unlocking the potential of the project. In addition, Province is pleased to advise that it has received the ruling of The Land and Environment Court of Appeal at Växjö District Court, and that the Court has rejected appeals against the Company's approval to conduct its proposed ten-hole drilling programme at the Tomelilla Target in the Skåne Vanadium Project. The proposed programme comprises 10 holes in an area where historic drilling reported grades at Fågeltofta-2 (9.7m @ 0.61% V2O5) and Gislövshammar-2 (9.2m @ 0.67% V2O5) and from surface sampling at Flagabro Creek (~10m @ 0.61% V2O5). The programme is designed to test these higher grade areas for mineralisation and the Company hopes to replicate historical results which have been consistent throughout the formation. Board Change • Apr 27
No independent directors There are 4 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: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). MD, CEO & Director David Frances is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Mar 06
Province Resources Limited Updates on Drilling Activities At the Gnama Nickel-Copper Project in the Fraser Range Province of Western Australia Province Resources Limited updated on drilling activities at the Gnama nickel-copper project in the Fraser Range Province of Western Australia. Drilling was safely and successfully completed at both the main Gnama Project and regional targets, with samples submitted for analysis. Province's drilling programme aimed to test the bedrock below the supergene anomalism identified by Sirius Gold Pty Ltd. Drilling successfully reached depths greater than 250 metres and casing was installed to enable DHEM surveying to take place. In total 870 metres were drilled in 3 RC holes. DHEM surveys were carried out post drilling to test for conductive bodies at the Gnama prospect. EM surveys are a key tool in nickel sulphide exploration as they detect conductive bodies in bed rock. Accumulations of sulphide minerals are conductive and accordingly EM anomalies are highly prospective for nickel-copper mineralisation. Encouragingly no graphitic sediments were noted in drilling, consistent with historical drilling logs, meaning any anomalies identified will be high priority targets for follow up drilling. Province has approvals in place for follow up RC and DD drilling at Gnama. In addition, drilling has also been completed at the Gnama North regional targets. Initially prior to Christmas a total of 29 aircore holes were drilled to bedrock (blade refusal). A further 4 shallow RC holes were drilled as part of the current drilling campaign along one drill line to ensure adequate coverage. A more detailed summary of the Gnama and Gnama North drilling will be reported when all data has been received and interpreted from both sample analyses and the DHEM survey. Announcement • Mar 03
Province Resources and Total Eren Complete the Scoping Study for their Hyenergytm Green Hydrogen Development in the Gascoyne Region of Western Australia Province Resources and Total Eren have completed the Scoping Study for their planned HyEnergyTM green hydrogen development in the Gascoyne region of Western Australia. The completion of the Scoping Study marks a significant milestone in the development and allows the project to move into its next phase. The Scoping Study found that due to the prevailing wind conditions and quality of the solar resource in the Gascoyne region, optimized configuration of wind turbines and solar farms would lead to a relatively high-capacity factor and electrolyser utilisation. Development requirements which were part of the Scoping Study included solar arrays and wind turbines, transmission lines, electrical infrastructure, road works, electrolysers, batteries and hydrogen storage and administration buildings. Province Resources signed a binding Memorandum of Understanding with Total Eren in April 2021 to work jointly on the Scoping Study and the Partners have now begun discussions on a JDA. Total Eren is a global renewable energy Independent Power Producer ("IPP") with more than 3.5 GW of solar and wind farm assets in operation or under construction. Total Eren is circa. 30% owned by TotalEnergies, one of the world's large energy companies. Province and Total Eren have also executed a Memorandum of Understanding with Perth-based Global Energy Ventures to study the export of green hydrogen to Asian markets using a compressed hydrogen marine supply chain, which is progressing well. Province is continuing to progress the necessary licences and other approvals from the Western Australian Government to provide land access required for feasibility studies. This process includes consultation with the Yinggarda (Ingaarda) and Baiyungu native title holders, pastoralists, the Shire of Carnarvon and the broader Gascoyne community. In accordance with ASX and ASIC policy, the Scoping Study does not include any forecast financial information, including capital cost estimates, on the basis that there may not be a reasonable basis for including this information based on the preliminary nature of the Scoping Study. Province expects to be able to more accurately define these variables as part of the Pre-Feasibility phase on the HyEnergyTM Project. Completion of this important milestone triggers performance milestones in the Class A Performance Shares issued to the original vendors of the HyEnergy Project and Class A Performance Rights issued to certain directors and staff during 2021. In accordance with the ASX Interim Guidance on reporting on scoping studies, the Scoping Study referred to in this announcement is a preliminary technical and economic study of the potential viability of the HyEnergyTM Project required to reach a decision to proceed with more definitive studies. It is based on low level technical and economic assessments that are not sufficient to support or to provide any assurance of an economic development case. To achieve the range of proposed Feasibility Studies and potential project development outcomes indicated in the Scoping Study, additional funding (beyond the Pre-Feasibility Study stage) will be required. Investors should note that there is no certainty that Province Resources Limited will be able to raise funding when needed. It is also likely that such funding may only be available on terms that may be dilutive or otherwise affect the value of Province Resources Limited's existing shares. It is possible that Province Resources Limited could pursue other value realisation studies such as sale, or partial sale of the Project. If it does, this could materially reduce Province Resources Limited proportionate ownership in the Project. Province Resources Limited has, concluded, that based on the results of the Scoping Study and strong market fundamentals there is sufficient degree of confidence to progress to the Pre-Feasibility stage, however, given the uncertainties involved, investors should not make any investment decisions based solely on the results of the Scoping Study. Announcement • Feb 17
Province Resources Limited Commences Drilling at Gnama Nickel-Copper Project Province Resources has commenced drilling activities at the Gnama nickel-copper project in the Fraser Range Province of Western Australia. The Gnama Project is located at the southern end of the Fraser Range, host to several recent nickel discoveries including Nova-Bollinger (Sirius Resources /IGO), Silver Knight (Creasy Group) and Mawson (Legend Mining). Gnama was first identified by Newmont in the 1960s from geochemical sampling and shallow drilling. Sirius Gold then held the tenement from 2004 to 2011. Drilling by Sirius Gold intersected significant elevated Ni, Cu and Co enrichment in the oxide zone above mixed mafic lithology. Drill hole SFRC0005 intersected 16m @ 0.6% Ni, 0.14% Cu and 0.13% Co from 36m; Drill hole SFRC0006 intersected 20m @ 0.57% Ni, 0.17% Cu and 0.08% Co from 28m. Province's drilling programme aims to comprehensively test the bedrock below the supergene anomalism, identified by Sirius Gold Pty Ltd, for primary sulphide hosted nickel copper mineralisation. The RC drillholes will be cased to enable downhole electromagnetic (EM) surveying to be carried out after drilling is completed. EM surveys are a key tool in nickel sulphide exploration as they detect conductive bodies in bed rock. Accumulations of sulphide minerals are conductive and accordingly EM anomalies are highly prospective for nickel-copper mineralisation. Importantly in historical drilling around Gnama no conductive sediments have been logged, which can provide false positives. Announcement • Dec 09
Province Resources Limited Announces Skane Vanadium Project Update Province Resources Limited updated shareholders on studies at the Skåne Vanadium project, located in southern Sweden. Province previously defined an Indicated and Inferred Mineral Resources at Skåne based on drilling completed in 2019 (detailed below). The project offers excellent infrastructure and access to EU markets where vanadium is considered a critical metal due to economic importance and lack of European supply. The final product from this phase of work will be a study into the economics of the project at current and forecast vanadium prices, which is anticipated to be at the level of a Scoping Study as defined in the JORC Code (2012 Edition). Initial work will consist of further metallurgical testwork aimed at tailoring the processing flowsheet to the Skåne mineralisation, building on previous studies completed by Province. Field Emission Scanning Electron Microscopy (FEG SEM) analysis will be completed on samples from Skåne to determine the deportment of the vanadium within the mineralisation which will be used to design further testwork aimed at maximising the extraction of the vanadium into solution. Testwork is being carried out in the United Kingdom by Grinding Solutions Limited (GSL). GSL specialises in exploring novel approaches for mineral liberation and separation and has specific recent experience in both vanadium extraction and the application of extractive techniques to similar deposit styles. In addition, comminution testwork including determination of bond ball work index, crushability and abrasiveness will be completed on samples from Skåne to enable design of the crushing and griding circuit for the Skåne deposit. Highlights: Studies into the Skåne Vanadium Project continue with work comprising metallurgical testwork on samples to be carried out by well-respected UK based consultants Grinding Solutions Limited Results from testwork to be fed into a new study by globally-renowned consultants Micon International into the techno-economic opportunity of developing the Skåne Vanadium Project at current and forecast vanadium prices, which is anticipated to be at Scoping Study level Skåne is located in southern Sweden surrounded by excellent regional infrastructure and offers access to EU markets where vanadium is considered a critical metal due to economic importance and lack of European supply. Announcement • Sep 15
Province Resources Ltd Announces Exploration Update, Gnama South Project, Fraser Range Province Resources Ltd. has engaged Blueprint Environmental Strategies to manage ecological flora and fauna surveys over the highly prospective Gnama South Prospect, part of the company's Gnama nickel-copper Project in the Fraser Range Province of Western Australia. The flora and vegetation survey has been completed, with data collected on the following: Small Scale Detailed Baseline Flora Survey; POW Exploration Flora Inspections; Clearing Permit Application. Identification of sampled plant species arising out of the survey will now be carried out following which the company will be furnished with a Flora Report. A Programme of Work for drilling over the area will be lodged with the provision of the Flora report - results dependent. The fauna survey, which will commence shortly, will comprise a basic vertebrate survey, with an additional targeted survey for evidence of the Mallee fowl and the host ant of the Arid Bronze Azure Butterfly. The primary aims of the survey will be to collect data and report on the following: The habitats present in the study area; The vertebrate fauna likely to occur in the study area; The fauna of conservation significance likely to occur in the study area. Fraser Range - Gnama Nickel-Copper Project: An RC and Diamond drilling program is planned at the Gnama South Prospect to target the possible continuation of nickel and copper anomalism at depth below historic drill results. All these discoveries contain similar features: Shallow oxide Ni-Cu-Co anomaly; Barren interval below supergene enrichment; Local geology of meta-pyroxenites intruded into a sequence of quartz-feldspar-biotite-garnet meta-sediments; High-grade sulphide mineralization, initially identified by either ground EM or downhole EM surveying. Gnama South was first identified by Newmont in the 1960's from geochemical sampling and shallow drilling. Sirius Gold (later renamed Sirius Resources, Sirius) then held the tenement from 2004 to 2011. Drilling by Sirius intersected significant elevated Ni, Cu and Co enrichment in the oxide zone above mixed mafic lithologies. Drill hole SFRC0005 intersected 16m at 0.6% Ni, 0.14% Cu and 0.13% Co from 36m; Drill hole SFRC0006 intersected 20m at 0.57% Ni, 0.17% Cu and 0.08% Co from 28m. Announcement • Sep 12
Province Resources Secures the First of its Approvals for its HyEnergy Green Hydrogen Project Province Resources has secured the first of its approvals for its HyEnergy green hydrogen project, with a licence granted for a site north of Carnarvon. The section 91 licence under the Land Administration Act allows the Company to begin environmental and other on-ground studies on site to support a broader feasibility study for the project. The licence covers a 98.6 sq km site north of Carnarvon, known as the Town Common. It is planned to be the production site of the HyEnergy Project, as well as home to some upsteam generation assets. Province is progressing discussions with the State Government and the Shire of Carnarvon on a long-term lease of the area. Discussions are also underway with the State Government, Traditional Owners, and Pastoralists over a broader area of the Gascoyne Region to support large-scale wind and solar generation assets. The fully-developed green hydrogen project would have a capacity of up to approximately 8GW, although an initial phase may be developed with a smaller capacity. Announcement • Aug 21
Province Resources Ltd Announces Exploration Update Fraser Range Province Resources Ltd. announced that it has lodged applications of Programme of Works for Air Core drilling activities at Gnama North, within the Gnama Nickel-Copper Project in the Fraser Range Province of Western Australia. The proposed Phase 1 Air Core drilling program will consist of approximately 3,200m, with drill lines spaced 800m north-south, and drill holes spaced 100m east-west. The Gnama Project is located at the southern end of the Fraser Range, host to several recent nickel discoveries including Nova-Bollinger (Sirius Resources /IGO), Silver Knight (Creasy Group) and Mawson (Legend Mining). All these discoveries contain similar features: Shallow oxide Ni-Cu-Co anomaly; Barren interval below supergene enrichment; Local geology of meta-pyroxenites intruded into a sequence of quartz-feldspar-biotite- garnet meta-sediments; High-grade sulphide mineralisation, initially identified by either ground EM or downhole EM surveying. The planned drilling aims to test the Fraser Zone gabbros at the Gnama North prospects, in the northern portion of the project. Province Resources has identified those areas within its tenure underlain by Fraser Range gabbros with the potential to host prospective meta-pyroxenites. Limited surface testing has occurred in these areas and the aim of the program is to better map the bedrock geology and geochemical characteristics to identify the most prospective areas to carry out both a high-powered EM survey and also deeper drilling into bedrock. Demonstration of the potential of the Gnama Project is oxide Ni-Cu-Co enrichment previously intersected by Sirius Resources at the Gnama South Prospect including: Drill hole SFRC0005 intersected 16m @ 0.6% Ni, 0.14% Cu and 0.13% Co from 36m Drill hole SFRC0006 intersected 20m @ 0.57% Ni, 0.17% Cu and 0.08% Co from 28m. Recent Insider Transactions Derivative • Aug 21
Non-Executive Chairman exercised options and sold AU$497k worth of stock On the 20th of August, Patrick Burke exercised 4m options at a strike price of around AU$0.04 and sold these shares for an average price of AU$0.17 per share. This trade did not impact their existing holding. Since June 2021, Patrick has owned 6.67m shares directly. Company insiders have collectively sold AU$1.0m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Aug 21
Non-Executive Chairman recently sold AU$503k worth of stock On the 20th of August, Patrick Burke sold around 3m shares on-market at roughly AU$0.17 per share. This was the largest sale by an insider in the last 3 months. This was Patrick's only on-market trade for the last 12 months. Announcement • May 28
Province Resources Ltd Lodges an Application for A Programme of Works for Drilling Activities At the Gnama Nickel-Copper Project in the Fraser Range Province of Western Australia Province Resources Ltd. announced that it has lodged an application for a Programme of Works for drilling activities at the Gnama nickel-copper project (Gnama Project) in the Fraser Range Province of Western Australia. The Gnama nickel copper project is an target with significant nickel and copper anomalism not yet followed up with deeper drilling. The anomalism to date is analogous to the early stages of discovery at Nova, which Sirius discovered a year after relinquishment of Gnama. The Gnama Project is located at the southern end of the Fraser Range, host to several recent nickel discoveries including Nova-Bollinger, Silver Knight and Mawson (Legend Mining). All these discoveries contain similar features: Shallow oxide Ni-Cu-Co anomaly, Barren interval below supergene enrichment, Local geology of meta-pyroxenites intruded into a sequence of quartz-feldspar-biotite-garnet meta-sediments, High-grade sulphide mineralisation, initially identified by either ground EM or downhole EM surveying. Gnama was first identified by Newmont in the 1960's from geochemical sampling and shallow drilling. Sirius Gold then held the tenement from 2004 to 2011. Drilling by Sirius Gold intersected significant elevated Ni, Cu and Co enrichment in the oxide zone above mixed mafic lithology. Drill hole SFRC0005 intersected 16m @ 0.6% Ni, 0.14% Cu and 0.13% Co from 36m, Drill hole SFRC0006 intersected 20m @ 0.57% Ni, 0.17% Cu and 0.08% Co from 28m. Announcement • May 21
Province Resources Ltd announced that it expects to receive AUD 18 million in funding Province Resources Ltd. (ASX:PRL) announced private placement of 120,000,000 shares at a price of AUD 0.15 per share for gross proceeds of AUD 18,000,000 led by ESG and other institutional funds on May 20, 2021. The transaction will include participation from professional and sophisticated investors. The expected issue date of the shares is May 27, 2021. The transaction has been approved by the board of directors of the company. Announcement • Apr 27
Province Resources Ltd (ASX:PRL) completed the acquisition of Ozexco Pty Ltd. Province Resources Ltd (ASX:PRL) entered into a conditional agreement to acquire Ozexco Pty Ltd on February 17, 2021. Under the terms of consideration, Province Resources will issue 50 million fully paid ordinary shares, 50 million performance shares consisting of a) 16,666,666 Class A performance shares, b) 16,666,667 Class B performance shares and c) 16,666,667 Class C performance shares and Province Resources will also reimburse the vendors for approximately AUD 80,000 of expenditure incurred on the Projects to date. The Company has received firm commitments for a capital raising of AUD 1.4 million (before costs) at a price of AUD 0.015 per share by way of placement to professional and sophisticated investors. The acquisition of Ozexco remains subject to receipt of shareholder approval. As of April 22, 2021, shareholders of Province Resources have approved the transaction.
Province Resources Ltd (ASX:PRL) completed the acquisition of Ozexco Pty Ltd on April 27, 2021. Announcement • Feb 19
Province Resources Ltd (ASX:PRL) entered into a conditional agreement to acquire Ozexco Pty Ltd. Province Resources Ltd (ASX:PRL) entered into a conditional agreement to acquire Ozexco Pty Ltd on February 17, 2021. Under the terms of consideration, Province Resources will issue 50 million fully paid ordinary shares, 50 million performance shares consisting of a) 16,666,666 Class A performance shares, b) 16,666,667 Class B performance shares and c) 16,666,667 Class C performance shares and Province Resources will also reimburse the vendors for approximately AUD 80,000 of expenditure incurred on the Projects to date. The Company has received firm commitments for a capital raising of AUD 1.4 million (before costs) at a price of AUD 0.015 per share by way of placement to professional and sophisticated investors. The acquisition of Ozexco remains subject to receipt of shareholder approval. Announcement • Feb 12
Province Resources Limited Reports Results from Pre-Study Completed on Skane Vanadium Project Province Resources Limited reported on results from the Metallurgy Dictyonema (MeDic) pre-study completed at the Skåne Vanadium Project, Sweden. The aim of the feasibility study was to test the application of POL (Pressure Oxygenation Leaching) for extracting vanadium from the Dictyonema Shale Formation (DSF) sourced from the Skåne Project. The POL method is used successfully around the world and represents an environmentally
preferred extraction method than traditional salt roasting technology. The shale samples were tested in a number of experimental setups with varying time and temperature parameters. All tests and analyses were performed as planned. In addition, more tests were carried out with a revised methodology in an attempt to achieve higher extraction. The study resulted in a clearer understanding of the metallurgical reactions and constraints in extracting vanadium from the DSF. Specifically, that vanadium contained in the mineral chlorite and smectite, as well as on the surfaces of the mineral grains was able to be extracted, whereas vanadium contained within the mineral illite
was not. This is because the clay mineral illite, which dominates the mineralogy in the DFS samples, is very stable under the test conditions used and that the chemical structure of the illite does not breakdown. The vanadium is therefore not able to be recovered using the POL method. The samples from the DSF proved to be very resistant to the selected POL metallurgical method and only a modest extraction of vanadium occurred of 30%. However, it also became clear that vanadium that was extracted remained in solution and was not reabsorbed, which was a positive observation. Data on the mineralogy of the DSF, the regional geological development and the impact of these
factors on the extraction results have been compared with other relevant exploration projects globally and the conclusion is that there are successful shale vanadium projects with comparable geology. It is thus more a question of finding the right metallurgical extraction method that will optimize vanadium recovery at the Skåne project. Pressure oxygen leaching tests were completed at variable temperatures to test recovery rates. A
reference sample of 25kg was prepared by crushing and homogenizing vanadiferous DSF taken from outcrop within the Skåne Project. Pressure oxygen leaching tests were then performed on this material using smaller samples in a stainless steel Hastelloy autoclave. A systematic test programme (for a total of 2 batches of 6 samples) were developed to understand what happens to vanadium in leached residues as a result of variations in pressure, acidity, and oxygen overpressure. Following leaching tests, the sample was concentrated to separate liquid from solid material through centrifugation technique and subsequently, the dried solid material was analysed. To assess the vanadium extractive performance in the pressure oxygen leaching tests, several analytical methods providing quantitative data of elemental composition have been used. The methods range from analysis of the bulk sample, to analysis of the mineral particles surfaces at different analysis depth (at top nanometer surface, and for a few samples also micrometer depth). For the elemental composition in the bulk sample, the XRF (X-ray fluorescence) method was used, with the output data expressed in weight %. For the surface analysis the main tool was the highly surface sensitive method XPS (X-ray Photoelectron Spectroscopy), providing the elemental composition expressed in relative atomic % for the outermost about 5 nanometers of surfaces. In addition, a few samples were also analyzed by SEM-EDS (Scanning electron microscopy energy dispersive spectroscopy), to get elemental composition at micrometer analysis depth. In the MeDic project elemental composition in the bulk (XRF) was compared mainly with data from surface analysis (XPS), to gain information of the effect of leaching tests. Investigation and review of the data consisted of; XRF data to show whether vanadium after the leaching process was retained in the bulk sample, or if part or even all of the vanadium had been extracted out from the shales. Surface sensitive XPS method to get information if more vanadium was present (adsorbed or precipitated) on the surfaces of mineral powders after leaching tests, compared to before. The parameters used in the POL method in this set of experiments was not as effective as desired. Therefore, additional study is required to test different approaches to improve recovery. The project has shown that the approach with several complementary chemical analytical methods have made it possible to achieve a better understanding of the chemical reactions during the metallurgical tests. Background - Skåne Vanadium Project (Province Resources 100%): The Skåne Vanadium Project is located on the southern-most tip of Sweden, about 1 hour's drive from Malmö and 90 minutes' drive from Copenhagen. The project is comprised of 11 granted licences totaling 220km2. The presence of unusually high concentrations of vanadium in the Dictyonema Formation in Skåne was first identified in 1940 when mining and production of V2O5 was conducted near to the hamlet of Flagabro. Vanadium is clay hosted and concentrated primarily by biological processes under basin-wide anoxic conditions. Province Resources continues to work under the Swedish Vinnova grant towards establishing land access and an effective recovery method of vanadium from the Dictyonema Shale Formation. As the demand for renewable energy grows, vanadium redox flow batteries (VRFBs) will create a reliable and safe solution for the storage and redeployment of renewable energy. Through continued dialogue with land owners and The Mining Inspectorate of Sweden, the Company is hopeful to undertake the planned work program with the aim to delineate a significant vanadium resource at the Skåne Project. The work program includes 10 holes in an area where historic drilling reported grades at Fågeltofta-2 (9.7m @ 0.61% V2O5) and Gislövshammar-2 (9.2m @ 0.67% V2O5) and from surface sampling at Flagabro Creek (10m @ 0.61% V2O5). Province Resources currently have estimated a maiden JORC Mineral Resource of 116.9Mt @ 0.39% V2O5 at the Hörby Target in the Skåne Vanadium Project, Figure 4. The high tonnage, near surface, resource estimated at Hörby reflects the widespread stratigraphic hosted vanadium mineralisation across the licences, giving confidence that further drilling could generate additional Mineral Resources over higher-grade targets in the 98% that remains unexplored. Announcement • Nov 26
Province Resources Ltd announced that it expects to receive AUD 0.599039 million in funding Province Resources Ltd (ASX:PRL) announced a private placement of 74,879,914 shares at AUD 0.008 per share for gross proceeds of AUD 599,039 on November 25, 2020. The transaction is expected to close on November 30, 2020. Announcement • Nov 10
Province Resources Ltd Announces Management Changes Province Resources Limited announced the appointment of Mr. Patrick Burke to the board. Mr. Burke has extensive legal and corporate advisory experience and over the last 15 years has acted as a Director for a large number of ASX listed companies. His legal expertise is in corporate and securities law in particular, capital raisings and mergers and acquisitions. His corporate advisory experience includes identification and assessment of acquisition targets, strategic advice, deal structuring and pricing, funding, due diligence and execution. He is currently Executive Chairman of Meteoric Resources NL, Non-Executive Chairman of Mandrake Resources Limited and Non-Executive Director of Triton Minerals Ltd. The board members have elected to reduce their current fees to $36,000pa per director and Mr. Frances will revert to a Non-executive role as Non-executive Chairman. Mr. David Minchin has resigned from his position as Non-executive Director. Announcement • Nov 05
ScandiVanadium Limited Announces Retirement of Brandon Munro as Director ScandiVanadium Limited announced that Mr. Brandon Munro has decided to retire as a director of the Company at the forthcoming Annual General Meeting to be held on 6 November 2020 (AGM) and will not seek re-election. Accordingly, resolution 2 in the Notice of AGM for the re-
election of Mr. Munro as director is withdrawn. Announcement • Oct 04
ScandiVanadium Limited Provides an Update on the Pascalle Project Helicopter Electro-Magnetic Survey and Review of Historical Geophysical Data at Its 950Km Paterson South Projects in Western Australia's Paterson Province ScandiVanadium Limited provided an update on the Pascalle Project helicopter electro-magnetic (HEM) survey and review of historical geophysical data at its 950km Paterson South Projects in Western Australia's Paterson Province. Pascalle HEM Survey: New Resolution Geophysics (NRG) has completed 925 line kilometres of XciteTM HEM and AMAG survey at 100m spacing over the entirety of the Pascalle tenement. This survey gives the highest resolution geophysical dataset so far recorded over Pascalle. EM surveys, such as that run by NRG, are designed to detect highly concentrated massive-sulphide bodies down to a depth of approximately 400m whereas AMAG surveys are designed to identify local magnetic anomalies, potentially associated with hydrothermal fluid flow activity. Preliminary processing of initial HEM survey results shows no evidence of massive sulphide, meaning that if
sulphides are present there is not enough connectivity between the grains to create a conductive body. The survey has recorded 14 subtle anomalies that could be related to bedrock conductors but could also be explained by local near surface conductivity variations. Where magnetic targets occur without associated massive-sulphide, as indicted by the absence of EM anomalies, there remains potential for low-sulphidation mineralisation such as quartz-Au stringer- breccia style or disseminated sulphides. Potential follow on work using a ground-based, gradient array induced polarisation (GAIP) electrical geophysical technique, (which has the ability to identify disseminated sulphide mineralisation, such as that associated with Telfer, Winu, and Calibre style gold-copper-silver type mineral systems), may be undertaken. Final review of enhanced AMAG and EM channel imagery is required to clarify magnetic targets associated with low level amplitude EM anomalism. Structural interpretation of magnetic data will be used to define prospect scale targets to plan and mobilise GAIP surveys prior to drilling. Paterson South Projects: The Paterson South Project comprises three tenement applications totaling 950km2 approximately 120km south east of the Pascalle Project area. The new tenements applied for by ScandiVanadium target exciting geophysical targets under 400-500m of cover thought to be prospective for Telfer, Winu and Havieron style mineralisation. These new applications are located in the underexplored southern portion of the Paterson Province, with the same host formations and structures common to the major mineral deposits in the region further to the north. Despite the known geological affinities, the area has seen very limited historic exploration. Neighbouring tenements are owned by FMG and Ausquest, with FMG recently completing a large AEM survey over their adjacent tenements to the south. A review of all available historic geophysical data was completed on the 950km2 of application ground in the Paterson Province of Western Australia. The company identified a number of regional and local datasets, including a detailed ground-based gravity survey undertaken by Haines Surveys at 300m line spacing. Multiple geophysical anomalies have been identified and remain untested, of note is the Tabletop 2 anomaly. The Tabletop 2 anomaly displays a notable magnetic bullseye with associated 0.1-0.15 milligal gravity anomaly. 3D interpretation of Haines gravity data indicates a high-density target measuring 800m x 500m and up to 300m thick. The target, situated at a depth of approximately 400m, is directly above a strong magnetic anomaly which is interpreted as representing an intrusive unit. The relationship of the gravity anomaly located directly above a magnetic anomaly indicates the potential for dense sulphide or iron/hematite alteration deposited above a mineralized magnetic intrusive. Such systems typically develop as heat from magma produces a hydrothermal system that deposits gold and copper as the fluids interact with the host lithology. The next steps at Paterson South will include performing Euler Deconvolution modelling for the existing AMAG data over the three tenement areas to highlight depth to basement as well as remodelling historic gravity /magnetic data at Tabletop 2 to better constrain depth to target. Once depth to target is constrained follow up geophysical work will be considered to assist drill targeting at depth. With a better understanding of mineralization styles that could be responsible for the targets seen at Pascalle and at Paterson South, ScandiVanadium is able to select appropriate exploration techniques to advance both projects towards drilling. Announcement • Jun 20
ScandiVanadium Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.79 million. ScandiVanadium Ltd has completed a Follow-on Equity Offering in the amount of AUD 0.79 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 87,777,778
Price\Range: AUD 0.009
Transaction Features: Subsequent Direct Listing 
