Cygnus Metals

14/10/2026

Cygnus is pleased to announce that CAML has received the Kazakhstan regulatory approval required as a condition precedent to the Scheme. Cygnus anticipates that the remaining conditions precedent to the Scheme will be satisfied or waived (as applicable) at or immediately prior to the Second Court Hearing.

The Second Court Hearing remains scheduled to take place at 2:15pm (AWST) on Wednesday, 14 October 2026 at the David Malcolm Justice Centre, 28 Barrack Street, Perth, Western Australia.

Full announcement: https://wcsecure.weblink.com.au/clients/cygnusgmetals/headline.aspx?headlineid=61349016

23/09/2026

Adjournment of Second Court Hearing

Cygnus Metals announces that the Supreme Court of Western Australia has made orders today to adjourn the date of the Second Court Hearing in respect of the Scheme.

The Second Court Hearing has been adjourned from 2:15pm (AWST) on Wednesday, 23 September 2026 and is now scheduled to take place at 2:15pm (AWST) on Wednesday, 14 October 2026. The Second Court Hearing will be held at the David Malcolm Justice Centre, 28 Barrack Street, Perth, Western Australia.

Full announcement below or via the link:

21/09/2026

Cygnus Metals is pleased to announce that on 18 September Scheme Shareholders voted in favour of the Scheme.

In summary, at the Scheme Meeting voting on the Scheme Resolution was conducted and carried out on a poll, and was passed by the following majorities:

➡️81.38% of Cygnus Shareholders present and voting at the Scheme Meeting (in-person, or by proxy, corporate representative or attorney) were in favour of the Scheme Resolution;

➡️98.35% of the total number of votes cast by Cygnus Shareholders at the Scheme Meeting were in favour of the Scheme Resolution; and

➡️97.88% of the total numbers of votes cast by Scheme Shareholders at the Scheme Meeting (in-person or by proxy, corporate representative or attorney), voting as a single class, on the basis of one vote per Scheme Share held, excluding for the purposes of the Minority Approval Vote, those votes required to be excluded by MI 61-101.

Cygnus will next apply to the Supreme Court of Western Australia for approval of the Scheme at a hearing scheduled at 2:15pm (AWST) on Wednesday, 23 September 2026.

Full details: https://www.cygnusmetals.com/investors/

13/08/2026

Cygnus confirms that the explanatory statement providing information about the Scheme (Scheme Booklet) has today been registered with the Australian Securities and Investments Commission (ASIC).

Full booklet is available on our website www.cygnusmetals.com or via the link: https://wcsecure.weblink.com.au/clients/cygnusgmetals/headline.aspx?headlineid=61338496

The Scheme Booklet will be dispatched to eligible Cygnus shareholders on or around 20 August 2026.

13/08/2026

Cygnus is pleased to announce that the Supreme Court of Western Australia (Court) has today made orders for the convening of a meeting of Cygnus Shareholders to consider and vote on the Scheme (Scheme Meeting) and approving the dispatch of an explanatory statement providing information about the Scheme (Scheme Booklet).

The Scheme Booklet is expected to be registered with the Australian Securities and Investments Commission (ASIC) today. The Scheme Booklet (including the Independent Expert’s Report) will then be released to ASX and available to view and download at the Company’s website at https://www.cygnusmetals.com/investors and on Cygnus’ ASX market announcements platform at
www.asx.com.au

Full announcement: https://wcsecure.weblink.com.au/clients/cygnusgmetals/headline.aspx?headlineid=61338471

05/06/2026

Interesting analysis and article written by respected resource writer Barry Fitzgerald today. 🔗 Click on the link below https://loom.ly/IAPgK78

Plus, Chalice prepares to drill strong copper-rare earths target and PhosCo keeps growing its world-scale fertiliser project.

02/06/2026

Cygnus Metals is pleased to announce that it has entered into a definitive Scheme Implementation Deed with Central Asia Metals PLC (AIM: CAML), under which CAML has agreed to acquire 100% of the fully paid ordinary shares in Cygnus, with each Cygnus Shareholder being entitled to receive 0.6 new CAML shares for each Cygnus share held at the prescribed record date.

The terms of the scheme value each Cygnus share at A$0.176 per Cygnus share based on the closing price of £1.56 per CAML share and values the fully diluted share capital of Cygnus at A$232 million. Immediately following the scheme, it is expected that Cygnus Shareholders will own approximately 30% of CAML’s enlarged fully diluted issued share capital.

The transaction will create immediate value realisation for Cygnus shareholders, at a 60% premium to Cygnus’ last closing price on 1 June 2026 of A$0.11 per Cygnus Share, and 49% premium to Cygnus’ 20-day VWAP to 1 June 2026 of A$0.12 per Cygnus share.

Commenting on the scheme, David Southam, Cygnus’ Executive Chairman, said:
“This transaction is a true win-win outcome for both sets of shareholders. Cygnus shareholders can maintain their exposure their exposure to the Chibougamau Project while reaping the benefits of a highly respected base metals operating company that produces free cash flow and pays dividends.

“These strengths are expected to mitigate for existing shareholders certain future financial burdens associated with project development. CAML has all the necessary experience in underground mining, processing, dry stack tailings and concentrate production to deliver the Chibougamau Project.

“Importantly, CAML has strong social licence in its current operations and we expect them to be an excellent partner for our local communities and other stakeholders”.

Read the full announcement here: https://wcsecure.weblink.com.au/clients/cygnusgmetals/headline.aspx?headlineid=61327978

26/05/2026

Cygnus Metals is pleased to announce final infill drilling results from the Golden Eye deposit and the start of exploration drilling at the Gwillim gold prospect, both within its Chibougamau Copper-Gold Project in Quebec.

Recent drill results from Golden Eye are from the winter drill program with three rigs operating on the ice to convert Inferred resources into the higher confidence Indicated category. In total, 15 holes were drilled for 5,632 metres, with all results now received.

Cygnus Executive Chairman David Southam said:
“These results are consistent with our strategy to upgrade more of the inferred resource to the more valuable Indicated category.

“We have also started our first program with joint venture partner Alamos Gold at the highly promising Gwillim gold prospect and look forward to providing updates towards the end of this quarter”.

📰Read the full announcement: https://wcsecure.weblink.com.au/clients/cygnusgmetals/headline.aspx?headlineid=61326745

24/04/2026

We’re pleased to share our March 2026 Quarterly Report.

Our Executive Chairman David Southam said: “The March quarter was very successful for Cygnus as we implemented our twin strategies of growth through exploration and advancement of the project.

“The capital raising was completed at a tight discount in volatile markets. The raising, which was strongly endorsed by our cornerstone shareholder, Ocean Partners, has set us up to continue our path to significant growth from a well-funded position.

“Drilling centred around Golden Eye, with three rigs working at peak capacity. This culminated in some very strong assays shortly after the end of the quarter. These included high-grade gold, copper and silver intervals over 100g/t AuEq over 1m. With these results reconciling well vis à vis the resource model, we are looking forward to potentially upgrading more Inferred resources into the Indicated category.”

Read the full quarterly report here: https://loom.ly/RtsVe_Y

16/04/2026

Infill drilling at the Golden Eye deposit at our Chibougamau Copper-Gold Project has returned high-grade gold intervals of up to 105.5g/t AuEq over 1.0m, alongside copper grades of up to 11.9% Cu over 0.8m.

These results highlight the strong potential to grow the Indicated Resource as well as the scope for further extensions. There remains a number of assay results pending following finalisation of exploration activity at Golden Eye on 8 April 2026, with around 5,632m of drilling completed from the engineered ice pad.

Our Executive Chairman David Southam said: “These results are some of the best intervals recorded at the Golden Eye deposit which is unmined, near surface and has existing infrastructure in place.

“Assay results reported today for gold, silver and copper confirm the high-grade nature of the deposit and continuity, with the perfect blend of commodities.

“These results will form part of the next resource update, including the revised Indicated Resource."

Read more: https://loom.ly/uVoKPbI