InvestSMART

Anax Metals Limited (ASX:ANX)

ALERT: Price-sensitive ASX Announcement for ANX
Current share price for ANX : $0.028 0.02 (250%)+
Announcement
Release
8 Dec 2025 9:55AM
Price at Release
$0.008
Full Release
download
Summary
Anax Metals Limited, under the ASX code ANX, has completed a strategic placement worth $2.4 million with Gold Valley Pilbara Pty Ltd, issuing 219,324,227 new shares at a premium of 37.5% over the last traded price. This investment establishes a long-term partnership with Gold Valley, who gains a right of first refusal to develop the Whim Creek Mine accommodation camp. Additionally, Anax secured a $3.5M loan from major shareholder Jetosea Pty Ltd to repay its MDP Convertible Notes, thus concluding all obligations with MDP. The funds raised will support the update of the Definitive Feasibility Study for the Whim Creek Project, business expansion, partnership due diligence, and provide working capital. Anax aims to develop a copper processing hub in the Pilbara, leveraging existing infrastructure to produce copper, zinc, and lead concentrates along with gold and silver by-products.
Key Points
  • $2.4 million strategic placement with Gold Valley Pilbara Pty Ltd completed.
  • Gold Valley receives right of first refusal for Whim Creek Mine accommodation camp.
  • $3.5M loan secured from Jetosea Pty Ltd to repay MDP Convertible Notes.
  • Funds to update the Definitive Feasibility Study for the Whim Creek Project.
  • Anax to develop a copper processing hub in the Pilbara.
  • Strategic partnership enhances Anax's business expansion and due diligence efforts.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.