Discounted Placement Fuels Bubalus’ Exploration Push Amid Market Uncertainty

Capital Raise to Propel Exploration

Bubalus Resources Limited (ASX – BUS) has successfully secured $1.5 million through a placement of 12.5 million shares priced at $0.12 each, representing a notable 14.29% discount to the last traded price. This capital injection is designed to bolster the company’s balance sheet and accelerate exploration activities across its portfolio of gold and critical minerals projects in Victoria and the Northern Territory.

Strategic Focus on Gold and Critical Minerals

The funds raised will primarily support the advancement of Bubalus’ Victorian Gold Projects, including the Avon Plains Gold Project, where maiden drilling is scheduled to commence imminently. Simultaneously, the company will push forward with exploration at its Northern Territory Critical Minerals Projects, which encompass prospective lithium, manganese, and rare earth elements. These projects are strategically positioned in mineral-rich regions, with some located near established deposits such as the Nolans East Rare Earths Project and the Yinnietharra Lithium Project.

Investor Confidence and Share Placement Details

The placement attracted support from a mix of existing shareholders and new sophisticated institutional and small investors, reflecting confidence in Bubalus’ exploration strategy. The shares issued under the placement will rank equally with existing shares and are expected to settle around December 12, 2025. The company utilized its existing placement capacities under ASX Listing Rules 7.1 and 7.1A to facilitate the transaction.

Project Portfolio Highlights

Bubalus’ diverse project portfolio spans six key sites, including gold-focused licenses in Victoria’s historic goldfields and critical minerals projects in the Northern Territory. The Northern Territory projects target a range of commodities – lithium at Yinnietharra, manganese at Amadeus, and rare earth elements at Coomarie, Nolans East, and Pargee. These projects benefit from strong geological indicators and proximity to significant mineral deposits, positioning Bubalus to capitalize on growing demand for critical minerals essential to emerging technologies.

Looking Ahead

With drilling programs set to commence shortly, the company aims to deliver initial results that could validate the potential of its projects and attract further investment. The successful capital raise provides the necessary runway to execute these exploration activities without immediate financial constraints.