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METALSGROVE MINING LTD — Capital/Financing Update 2025
Oct 2, 2025
65325_rns_2025-10-02_f8fbf757-0e07-476e-b4ab-bd690d922976.pdf
Capital/Financing Update
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Proposed Issue of Performance Rights and Options
3 October 2025
MetalsGrove Mining Limited ( ASX: MGA ) (“ MetalsGrove ” or the “ Company ”) advises that it proposes to issue performance rights to Managing Director, Lijun Yang, aligned with the successful advancement of the Company’s Cote d’Ivoire project.
The proposed issue of performance rights will be subject to shareholder approval at the Company’s upcoming AGM.
Under the proposal, the Company will issue 3,000,000 performance rights with an expiry date of 3 years from the date of issue and with the following vesting conditions:
| TrancheNumber ofPerformance RightsVesting Conditions | TrancheNumber ofPerformance RightsVesting Conditions | TrancheNumber ofPerformance RightsVesting Conditions |
|---|---|---|
| 1 | 1,000,000 | Gold intersection greater than or equal to 50 grammetres, eg20 metres at 2.5g/t. |
| 2 | 1,000,000 | Gold intersection greater than or equal to 100 grammetres, eg50 metres at 2.0g/t. |
| 3 | 1,000,000 | Gold intersection greater than or equal to 150 grammetres, eg50 metres at 3.0g/t. |
In addition, the Company proposes to issue 4,500,000 unlisted options in aggregate to all Directors, expiring 3 years from the date of issue and with the following exercise prices:
| Tranche | Number of Options | Exercise Price |
|---|---|---|
| 1 | 1,500,000 | $0.09 |
| 2 | 1,500,000 | $0.12 |
| 3 | 1,500,000 | $0.15 |
Full terms and conditions of the above issues will be included in the Notice of Meeting and Explanatory Statement for the upcoming AGM.
This announcement was authorised for release by the MetalsGrove Mining Ltd Managing Director.
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