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Codrus Minerals Limited (ASX:CDR)

ALERT: Price-sensitive ASX Announcement for CDR
Current share price for CDR : $0.042 0.016 (61.54%)+
Announcement
Release
3 Aug 2026 10:07AM
Price at Release
$0.026
Full Release
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Summary
Codrus Minerals Limited has announced an acquisition agreement to acquire two exploration assets: the Copperhole Creek Project in Queensland, Australia, and the Tiquihua Project in Peru. The Copperhole Creek Project is a copper, silver, and tin prospect, while the Tiquihua Project is prospective for molybdenum, copper, and other critical minerals. The acquisition involves issuing 230 million Codrus shares, 60 million performance rights, and cash payments totaling A$100,000, with potential additional payments of up to A$1 million. A two-tranche placement is also planned to raise approximately A$2.5 million to fund exploration and general corporate purposes. The acquisition is subject to shareholder approval and other conditions, with an extraordinary general meeting planned for September 2026.
Key Points
  • Codrus Minerals Limited to acquire Copperhole Creek and Tiquihua projects.
  • The acquisition includes shares, performance rights, and cash payments.
  • A two-tranche placement to raise A$2.5 million is planned.
  • Copperhole Creek Project in Queensland is prospective for copper, silver, and tin.
  • Tiquihua Project in Peru is prospective for molybdenum and copper.
  • Completion of acquisition is subject to shareholder approval.
  • An extraordinary general meeting is planned for September 2026.
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.