Proceeds will enable Austral Gold to accelerate exploration programs in Argentina and Chile and expand processing capacity at Casposo and Guanaco.
Highlights Include:
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Firm commitments received to raise A$8.456 million (before costs) via a single-tranche placement at A$0.18 per share.
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Placement expected to introduce new Australian sophisticated and institutional investors, enhancing the depth of the Company’s share register.
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Proceeds will enable Austral to accelerate exploration programs in Chile and Argentina and to expand processing capacity at Casposo and Guanaco.
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Aitken Mount Capital Partners acted as sole Lead Manager and Book Runner to the Placement.
By Panorama Minero
Austral Gold Limited announced that it has received A$8.456 million of firm commitments for a private placement of new fully paid ordinary shares from Australian sophisticated and institutional investors.
Aitken Mount Capital Partners acted as sole Lead Manager and Book Runner to the Placement.
Austral Gold’s Non-Executive Chair, Eduardo Elsztain said: “We are pleased to partner with Aitken Mount Capital Partners on this Placement and the opportunity to introduce new Australian investors to the Company’s share register. The funds to be raised are expected to support our ongoing exploration and development programs, further underpinning Austral’s strategy across its operational clusters in Chile (Guanaco) and Argentina (Casposo).”
Details of the Placement
The Placement involves the issuance of 46,977,778 million New Shares at A$0.18 (approximately CDN$0.17) per share (the “Offer Price”) to Australian investors.
The Offer price represents:
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a 20% discount to the closing price on ASX on 16 February 2026;
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a discount of approximately 15% to the 15-day VWAP on ASX up until 16 February 2026; and
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a discount of approximately 13% to the closing price on the TSXV on Friday, February 13, 2026.
Austral intends to use the Proceeds from the Placement as follows:
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Accelerate exploration programs in Guanaco and Casposo, focusing on areas near the Company’s 100%-owned processing facilities, including the Manantiales Project in Argentina and Juncal Project in Chile;
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Invest in capital expenditure (CAPEX) to expand processing (milling) capacity at Casposo, including the acquisition and construction of the classification plant to process tailings, and to increase agitation leaching capacity at Guanaco through the addition of a second filter press; and
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Working capital purposes, including costs of the Offer.
