Connected Minerals Limited (ASX:CML)

ALERT: Price-sensitive ASX Announcement for CML

Current share price for CML : $0.400 0.03 (8.11%)⁺

Announcement

Completion of Bailundo Carbonatite Acquisition

Release

7 Aug 2026 4:18PM

Price at Release

$0.370

Full Release

Summary

Connected Minerals Limited announced the completion of the acquisition of the Bailundo Carbonatite Project in Angola, marking a crucial milestone for the company. With all conditions precedent, including shareholder approval, satisfied or waived, Connected Minerals issued consideration and performance shares as per their Share Sale Agreement. The project, containing a significant Niobium-Rare Earth Element mineralized complex, now positions Bailundo as the company's flagship project with a strategic focus on advancing exploration activities to realize its potential. CEO Stephen Wetherall highlighted the acquisition's importance in establishing Bailundo's critical minerals significance.

Key Points

Completion of the acquisition of Bailundo Carbonatite Project in Angola by Connected Minerals Limited.
All conditions precedent for the acquisition, including shareholder approval, have been met or waived.
Consideration shares and performance shares issued as per the Share Sale Agreement.
Frontier's Angolan operating company and mining rights now integrate with Connected Minerals Limited.
Post-acquisition, the focus is on advancing exploration activities at Bailundo to unlock critical minerals potential.
Stephen Wetherall, CEO, emphasizes the acquisition as a significant milestone marking Bailundo as the flagship project.

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.