RNS out11 Jul 2025 07:17
Ippolito Ingo Cattaneo, Chief Executive of Ajax, commented:
" It has been a transformational six months for Ajax. We have completed the acquisition of Eureka, a potentially very significant copper and gold project in northern Argentina, admitted our share capital to the Aquis Stock Exchange, and successfully completed a fundraise to fully fund all the work necessary for a maiden JORC-compliant Mineral Resource Estimate with strong participation from the Board.
We have also potentially doubled the size of Eureka by exercising a binding agreement to acquire Minas La Escondida, a project comprised of two licences contiguous to the historic Eureka copper and gold mine, as well as signing a conditional option to acquire La Norteña, neighbouring the north of Eureka.
I am delighted to already report on strong progress at Eureka, with the submission of the EIS.
The EIS provides local authorities and communities confirmation that Ajax is fully committed to operating in strict compliance with the highest environmental regulations and standards, specifically in respect of our intended resource development exploration activities in the Province of Jujuy.
We wish to work closely with the local mining authorities, fostering a collaborative relationship, to allow the commencement of our fully funded exploration programme. Our primary goal will always be to ensure that Ajax's presence delivers meaningful, positive contributions to the communities in which we operate.
In parallel, the Company has now appointed key advisors in support of its application for listing its share capital on the Euronext Growth Oslo. This will enable the Company to further expand its international investor base, enhancing liquidity and enabling greater exposure for the value of our Company.
On behalf of the Board, I take the opportunity to thank all shareholders for their support. We are very optimistic about our future progress, and we look forward to providing further updates in due course."
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