Cygnus Metals

Cygnus confirms that it has today lodged with the Australian Securities and Investments Commission (ASIC) a copy of the orders made by the Supreme Court of Western Australia (Court Orders) approving the Scheme. A copy of the Court Orders lodged with ASIC are in todays announcement. The Scheme is now effective, Cygnus Shares were suspended from trading on TSXV from the close of trading on Wednesday, 14 October 2026 (EDT) and it is expected that Cygnus Shares will be suspended from trading on ASX from the close of trading today, Thursday, 15 October 2026 (AWST). Full announcement: wcsecure.weblink.com.au/clie…

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: wcsecure.weblink.com.au/clie…

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: wcsecure.weblink.com.au/clie…

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: cygnusmetals.com/investors/#…

As outlined in the Scheme Booklet, the Cygnus shareholder meeting to approve the Scheme (“Scheme Meeting”) is scheduled to take place at the offices of Hamilton Locke at Level 39, 152-158 St Georges Terrace, Perth WA 6000 at 2.00pm (AWST) on 18 September 2026. All Cygnus Shareholders registered on the Cygnus Register at 5.00pm (AWST) on 16 September 2026 will be entitled to vote at the Scheme Meeting. All Cygnus Shareholders are encouraged to vote either by attending and voting at the meeting or lodging a proxy vote ahead of the meeting. Further details on how to vote are set out in the Scheme Booklet. Full announcement: wcsecure.weblink.com.au/clie…

Cygnus is pleased to announce that at the CAML extraordinary general meeting held on 4 September 2026, CAML shareholders approved the resolution to allot the New CAML Shares pursuant to the proposed acquisition of Cygnus. The passing of the resolution is an important milestone for the Scheme, satisfying one of the conditions required for the Scheme to proceed to implementation. The Scheme remains subject to the satisfaction (or waiver, where applicable) of the other conditions set out in the Scheme Implementation Deed. Cygnus will keep the market updated on the progress of the Scheme in accordance with its continuous disclosure obligations. Full announcement: wcsecure.weblink.com.au/clie…

Cygnus Metals refers to the proposed transaction under which Central Asia Metals PLC will acquire 100% of the shares in Cygnus pursuant to a scheme of arrangement. As noted in sections 4.6(e) and 5.12(g) of the Scheme Booklet, following release of the Updated Financial Results, the Cygnus Board has sought confirmation from Grant Thornton Corporate Finance Pty Ltd, the independent expert in relation to the Scheme, as to whether the results change the Independent Expert’s opinion that the Scheme is fair and reasonable and hence in the best interests of Cygnus Shareholders in the absence of a superior alternative proposal emerging. The Independent Expert has reviewed the Updated Financial Results and has confirmed that they do not change the Independent Expert's previously stated opinion as set out above. Link to full announcement: wcsecure.weblink.com.au/clie… Link to Half Year Report: wcsecure.weblink.com.au/clie… Furthermore, the Toronto Stock Exchange #TSX has conditionally approved the listing on the TSX of the shares in CAML, including the new shares that will be issued to the shareholders in Cygnus in exchange for their fully paid ordinary shares in Cygnus pursuant to the terms of the previously announced Scheme of Arrangement between Cygnus and CAML. Link to full announcement: wcsecure.weblink.com.au/clie…

Cygnus Metals is pleased to announce exploration results from new resource prospects at Copper Rand and Gwillim within its Chibougamau Copper-Gold Project in Quebec. A recent drilling program of five holes totalling 3,830m at Copper Rand has been targeting shallow, along-strike extensions to the historic mine and stepping out 200m along the prospective structure, which remains open. Read the full announcement: wcsecure.weblink.com.au/clie…

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 cygnusmetals.com or via the link: wcsecure.weblink.com.au/clie… The Scheme Booklet will be dispatched to eligible Cygnus shareholders on or around 20 August 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 cygnusmetals.com/investors and on Cygnus’ ASX market announcements platform at asx.com.au Full announcement: wcsecure.weblink.com.au/clie…

Interesting analysis and article written by respected resource writer Barry Fitzgerald today. 🔗Click on the link below resourcesrisingstars.com.au/…

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. Read the full announcement here: wcsecure.weblink.com.au/clie… #acqusition #AIM #CY5 #CAML

Cygnus Metals $CYG.NE 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. 📰Read the full announcement: wcsecure.weblink.com.au/clie…

Cygnus Metals Executive Chairman David Southam is representing the Company at this year's Canaccord Genuity’s 5th Annual Global Metals and Mining Conference, hosted in Henderson, Nevada on May 19-21, 2026. For those in Henderson, you can catch David presenting during The Next Wave - North American Base Metal Developers Panel on Wednesday 20 May at 9:15-9:55 AM in Casablanca Ballroom A/B. #CGDriven #DrivenByYourSuccess #CT5 #cygnus $CY5

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: loom.ly/RtsVe_Y

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: loom.ly/uVoKPbI ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus Executive Chairman David Southam is interviewed in @Paydirt_Media magazine, discussing exploration at our Chibougamau Copper-Gold Project and the oversubscribed $25m placement completed last month to advance the project with journalist Rhonda Malkin. David highlights the significant Resource growth achieved since acquiring the project, and the three rigs currently spinning at the Golden Eye deposit, where results are due in the coming weeks. “We went from 10.5mt to just under 15mt @ 3.3% copper equivalent, increasing the resource [in September 2025] by nearly 80%, but we also found a new deposit, Golden Eye, where some of those dollars are being spent right now. If I get some more indicated resources from our Golden Eye drilling, they are very high-value ounces that I could add to the PEA because they are so close to the mill and they’ve got such good grade,” he said. David also touches on opportunities at the Joe Mann and Gwillam (JV with $20 billion TSX-listed Alamos Gold) prospects, as well as the increasing inbound enquiries for offtake, including interest in Cygnus' lithium assets. “We had zero inbound queries nine months ago, and now it's substantial," he said. Read the full article below ⬇️ ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF

Cygnus is pleased to share a copy of its Annual Report for the year ended 31 December 2025. Read it here: loom.ly/ubhSXmY ASX: #CY5 | TSXV: #CYG | OTCQB: #CYGGF