Patriot Resources Raises $2.2 Million in Oversubscribed Placement to Advance Zambia Exploration Plans

Jane Morgan Management

26 May 2025 – Perth, Australia | Patriot Resources Limited is pleased to announce the successful completion of an oversubscribed share placement to raise $2.2 million (before costs) for the Company, which saw strong support from existing shareholders, new institutional investors, and high-net-worth individuals.

The Placement was priced at $0.06 per share, and has resulted in the issuance of 36,604,490 new shares, including $300,000 in over-subscriptions (subject to shareholder approval). 

Proceeds will be directed toward advancing exploration and drilling activities across Patriot’s copper and gold portfolio in Zambia, which includes the Katwaro Copper-Gold Project and the Sugarloaf Copper Deposit that has been flagged for acquisition.

Placement Highlights:

• $1.896 million raised via issue of 31,604,490 shares under Listing Rules 7.1 and 7.1A.

• Additional $300,000 in over-subscriptions via 5,000,000 shares, subject to shareholder approval.

• 6,000,000 Broker Options to be issued (subject to approval), exercisable at $0.09, expiring two years from issue.

• CPS Capital Group and Foster Stockbroking acted as Joint Managers and Brokers to the Placement.

Funds will be used for:

• Drilling at the Katwaro Copper-Gold Project

• Exploration at the Sugarloaf Copper Deposit

• Regional exploration, due diligence, and working capital.

For further information, please contact:

Hugh Warner
Executive Chairman
[email protected]

Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]

Jane Morgan
Jane Morgan Management
Investor & Media Relations
[email protected]