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Corella Resources Ltd (ASX:CR9)

ALERT: Price-sensitive ASX Announcement for CR9
Current share price for CR9 : $0.011 -0.001 (-8.33%)+
Announcement
Release
25 May 2026 8:16AM
Price at Release
$0.012
Full Release
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Summary
Corella Resources Ltd announced the progress in acquiring a 75% interest in the Chobe Project in Western Australia, following a binding heads of agreement with Caprice Resources Ltd. The acquisition encompasses eight granted tenements and seven tenement applications in a region prospective for carbonatite mineralisation. Corella successfully completed its due diligence, meeting a primary condition of the agreement. Remaining conditions include a capital raise of at least $4 million, obtaining various corporate and regulatory approvals, and the execution of deeds related to royalty and joint venture obligations. A shareholder meeting is scheduled for June 2026 to ratify and approve the share issuance necessary for the acquisition's financial conditions.
Key Points
  • Corella Resources Ltd to acquire 75% interest in Chobe Project.
  • Agreement with Caprice Resources Ltd includes 8 granted tenements.
  • Due diligence completed successfully.
  • Capital raising of at least $4 million required.
  • Third party and regulatory approvals needed.
  • Shareholder meeting on 17 June 2026.
  • Satisfaction of remaining conditions by 23 June 2026 necessary.
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.