Caspin Resources Limited (ASX: CPN) ('Caspin' or the 'Company') confirms that it has completed the second tranche of the $2.1m capital raising previously announced on 5 May 2025.
The second tranche consisted of raising $0.29m via the placement of 5,755,200 fully paid ordinary shares in the Company at $0.05 per share to new and existing institutional and sophisticated investors and $0.10m via the issue of 2,000,000 fully paid ordinary shares in the Company at $0.05 per share to directors (together the 'Shares').
In addition to the above, the Company has issued 21,000,000 1:2 free attaching options, exercisable at $0.10 and expiring 31 December 2026 ('Placement Options'), to Tranche 1 and Tranche 2 placement participants.
Notice pursuant to Section 708A(5)(e) of the Corporations Act 2001 The Company gives notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) ('Corporations Act') that: 1. on 16 July 2025 the Company issued 7,755,200 shares in respect of a placement; 2. the Company issued those shares without disclosure to investors under Part 6D.2 of the Corporations Act; 3. the Company is providing this notice under section 708A(5)(e) of the Corporations Act; 4. as at the date of this notice, the Company has complied with: a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company and b. sections 674 and 674A of the Corporations Act and 5. as at the date of this notice, there is no 'excluded information' within the meaning of sections 708A(7) and 708A(8) of the Corporations Act which is required to be disclosed by the Company under section 708A(6)(e) of the Corporations Act.
Contact:
Greg Miles
Email: admin@caspin.com.au
Tel: +61 8 6373 2000
ABOUT CASPIN
Caspin Resources Limited (ASX Code: CPN) is a mineral exploration company based in Perth, Western Australia, with expertise in early-stage exploration and development. The Company currently has three Australian projects offering a diverse mix of commodities and excellent opportunity to add value through exploration and discovery. The Company has recently completed the acquisition of the Bygoo Project in New South Wales, an advanced, high-grade tin project located in a prolific tin producing region. Positioned within the Wagga Tin Granites, a mineralised belt with many occurrences of tin and associated metals, the project surrounds the historic Ardlethan Tin Mine, one of Australia's largest producing tin mines on mainland Australia. The Company's Yarawindah Brook Project located in the West Yilgarn region of WA, an exciting new mineral province hosting the Gonneville PGE-Ni-Cu Deposit owned by Chalice Mining Limited only 40km to the south. Initial drill campaigns at Yarawindah Brook have made discoveries of PGE, nickel and copper sulphide mineralisation. Further exploration is focussed on prospective near-surface targets with potential for high-grade massive nickel and copper sulphide. Mount Squires is a large scale, greenfield gold, rare earths and base metal project located in the West Musgrave region of Western Australia. The project is located adjacent to the western border of BHP's $1.7b West Musgrave mine development which hosts the large Nebo-Babel Ni-Cu sulphide deposits. The Company has discovered rare earth elements (REE) at the Duchess Prospect, importantly with significant grades of high-value heavy REEs dysprosium and terbium.
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