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Corella Resources Ltd (ASX:CR9)

ALERT: Price-sensitive ASX Announcement for CR9
Current share price for CR9 : $0.011 -0.004 (-26.67%)+
Announcement
Release
27 Apr 2026 9:31AM
Price at Release
$0.015
Full Release
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Summary
Corella Resources Ltd announced the signing of a binding heads of agreement with Caprice Resources Ltd to acquire a 75% interest in the Chobe Project in the West Arunta region of Western Australia. The acquisition is considered promising for niobium, rare earths, and IOCG deposits, with the project comprising 8 granted tenements and 7 tenement applications. The acquisition involves a capital raising of $5 million, which was heavily oversubscribed. Conditions for the acquisition include due diligence, obtaining various regulatory approvals, and forming joint venture arrangements with Caprice and HJH Nominees Pty Ltd. Corella will also pay a facilitation fee to Wolf Like Me Pty Ltd. The funds raised will be used for the acquisition, exploration of existing tenements, and working capital.
Key Points
  • Acquisition of 75% interest in Chobe Project
  • Project includes 8 granted tenements and 7 applications
  • Targets niobium, rare earths, and IOCG deposits
  • $5 million capital raising heavily oversubscribed
  • Joint venture with Caprice and HJH Nominees Pty Ltd
  • Regulatory and third-party approvals required
  • Facilitation fee to Wolf Like Me Pty Ltd
  • Funds for acquisition, exploration, and working capital
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.