Copper Search Ltd

Copper Search Ltd (ASX:CUS)

Offer Price

A$0.130

per share

Offer Size

A$1,000,000

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Copper Search Ltd

Placement

Copper Search Ltd (ASX:CUS)

CUS1

Lead Manager

Offer Price

A$0.130

per share

Offer Size

A$1,000,000

Placement

Copper Search Ltd

Offer Details

Offer Price (Per Share)

A$0.130

Offer Size

A$1,000,000

Shares Available

7,692,307

Discount

-30.00%

Single Tranche Private Placement Offer utilising the company’s Listing Rule 7.1 capacity to raise up to $1,000,000 with the ability to take $600,000 in oversubscriptions at an issue price of $0.13.

The placement offer comes with 1:2 free attaching unlisted options with an exercise price of $0.26, expiring 18 December 2026. The issuance of the options may require shareholder approval at the General Meeting.

Post the Placement Offer, the company will also conduct a 1 for 10 Non- Renounceable Entitlement Offer on the same terms as the placement offer seeking to raise approximately $1m. Placement investors will be eligible for the Entitlement Offer.

The Peake Project

The Gawler Craton is a world-class mining district in South Australia and is endowed with over 100 million tonnes of copper and 110 million ounces of gold.

Copper Search’s Peake Project is made up of three areas and covers over 5,500 sq km giving the company a strong ground position in the district.

The Peake & Denison geological domain was recently recognised as equivalent to the copper-rich Cloncurry District in Queensland.

5,560 Sq Km In A World Class Mining District

Board and Management

Mr. Chris Sutherland

Mr. Chris Sutherland

Non-Executive Chairman

Chris is an engineer with over 20 years of business experience. He was Managing Director of Programmed from January 2008 until his retirement in September 2019. Programmed was a major publicly listed ASX company until October 2017 when it was acquired for an enterprise value of over $1 billion.

Mr. Duncan Chessell

Mr. Duncan Chessell

Chief Executive Officer

Duncan Chessell is a qualified geologist with over 20 years’ experience in business and in oil, gas and mineral exploration. He was responsible for co-founding and listing Resolution Minerals (as Northern Cobalt) in 2017 and has acted in a variety of board and executive roles with ASX listed and public unlisted companies, along with not-for-profit groups.

Mr. Peter McIntyre

Mr. Peter McIntyre

Non-Executive Director

Peter McIntyre is an engineer with over 30 years of experience in the minerals industry in exploration and production and held senior roles in WMC. He established and was Managing Director of Extract Resources Limited which discovered the world-class Husab uranium deposit in Namibia which was ultimately acquired via a takeover for $2.3 billion.

Mr. Greg Hall

Mr. Greg Hall

Non-Executive Director

Greg Hall has over 30 years’ experience in mine management, global commodities marketing, and CEO and Board roles with resource companies. This includes groups such as WMC, Rio Tinto, Toro Energy and Hillgrove Resources. He is currently Managing Director of Alligator Energy Ltd (ASX: AGE).

Dr. Antonio Belperio

Dr. Antonio Belperio

Non-Executive Director

Geologist with over 30 years of experience in the mining industry and an impressive trackrecord including the discovery of the Prominent Hill Deposit and now mine in the Gawler Craton, South Australia. Former chief geologist for the South Australia Geological Survey and active explorer for over two decades with Demetallica Ltd (ASX: DRM), nee Minotaur Ltd.

Indicative Timetable

CUS placed in Trading Halt

Thursday November 02 2023

Placement Offer Opens

Thursday November 02 2023

Placement Offer Closes

4pm AEST Friday November 03 2023

Offer letters accepted

Friday November 03 2023

CUS Recommences Trading

Monday November 06 2023

Settlement of Shares

Monday November 13 2023

Copper Search Ltd

Placement

Copper Search Ltd (ASX:CUS)

CUS1

Offer Price

A$0.130

per share

Offer Size

A$1,000,000

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