HIGHLIGHTS: Cygnus has identified two gold prospects with known mineralisation and plans a drilling campaign for Q2 as part of its push to continue growth of the Chibougamau Project resource base The Gwillim prospect, located just 12km from the Chibougamau processing facility, has returned several high-grade intersections which require follow up drilling. These intersections include: 7.6m @ 38.1g/t Au from 314.9m ; 15.2m [...]
Cygnus Metals Ltd. advises that 238,372 fully paid ordinary shares were issued today upon the exercise of: 45,742 unquoted options exercisable at C$0.1093 each on or before 12 May 2028; 182,970 unquoted options exercisable at C$0.0547 each on or before 19 April 2029; and 9,660 unquoted options exercisable at C$0.0574 each on or before 26 September 2026. The Company received total proceeds of C$16,987.48 , being the total [...]
Cygnus Metals Ltd. advises that following management changes announced on 26 October 2025, it has today issued an aggregate of 3,000,000 additional performance rights to President/Chief Executive Officer, Mr Nicholas Kwong under the Company's Omnibus Equity Incentive Plan . The Company also advises that, effective today, following Mr Ernest Mast's transition from Managing Director to Non-Executive Director on 12 December [...]
Cygnus Metals Ltd. advises that it issued an aggregate of 202,500 performance rights to employees on 27 November 2025 under the Company's Omnibus Equity Incentive Plan . Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to employees were issued on the same terms and conditions as the director Performance [...]
Chibougamau Copper-Gold Project, Canada HIGHLIGHTS: Ongoing resource growth drilling at Cedar Bay has intersected a wide zone of mineralisation in what appears to be a new parallel zone: 28.9m at 2.5g/t AuEq The result highlights the strong potential to keep growing the resource base within the well-endowed Chibougamau District, which has produced 945,000t of copper and 3.5Moz of gold1 Follow-up drilling is set to start [...]
Chibougamau Copper-Gold Project, Canada HIGHLIGHTS: First hole at the Cedar Bay prospect within the Chibougamau Project returns up to 29.1g/t AuEq over 0.4m within a wide interval of: 10.6m at 4.1g/t AuEq Including 2.9m @ 6.7g/t AuEq This intersection is 200m outside the recently released Mineral Resource, which is based on drilling before Cygnus took ownership of the Chibougamau Project Cedar Bay has a high-grade [...]
Cygnus Metals Ltd. is pleased to announce that Chief Operating Officer "COO") Nick Kwong will be promoted to President/Chief Executive Officer of the Company following the transition of Ernest Mast from Managing Director to Non-Executive Director on 12 December 2025. Mr Kwong is a globally experienced Mining Engineer who has led operations, feasibility studies and mine building activities over the past 20 years. He has [...]
HIGHLIGHTS: Global Measured & Indicated Mineral Resource estimate of 6.4 Mt at 3.0% CuEq for 193kt CuEq and Inferred Mineral Resource of 8.5 Mt at 3.5% CuEq for 295 kt CuEqin accordance with JORC 2012 and CIM Definition Standards Total contained metal is exclusively Copper, Gold and Silver: M&I: 149kt Cu, 167 koz Au & 1.6 Moz Ag Inferred: 182 kt Cu, 454 koz Au & 2.2 Moz Ag This update includes an initial Mineral Resource [...]
Further to its ASX announcement on 20 June 2025 and following shareholder approval received at the general meeting on 20 August 2025, Cygnus Metals Ltd. advises that it has issued a total of 1,162,790 fully paid ordinary shares to a nominee of Non-Executive Director Raymond Shorrocks at A$0.086 each to raise A$100,000 . Cygnus issued the Shares without disclosure under section 708A of the Corporations Act 2001 . With [...]
HIGHLIGHTS: Cygnus has identified numerous drilling targets near the historic high-grade Cedar Bay mine, which produced 400Koz Au and 61Kt Cu at an average of 4% CuEq,2 within the Chibougamau Project Targets identified through ongoing review of historical data and drill logs using Cygnus' innovative custom-built AI solution This highly successful approach has already delivered significant gold and copper results at Golden [...]
Cygnus Metals Ltd. advises that it has issued an aggregate of 67,050,000 performance rights to directors, and key employees and consultants, under the Company's Omnibus Equity Incentive Plan . Shareholders approved the Plan and the issue of Performance Rights to directors at the Company's annual general meeting held on May 14, 2025. The Performance Rights to key personnel were issued on the same terms and conditions as [...]
Further to the ASX announcement on 20 June 2025, Cygnus Metals Ltd. advises that it has issued a total of 211,627,907 fully paid ordinary shares at A$0.086 each under Tranche 1 of the Placement, raising a total of A$18,200,000 . The Shares were issued under the Company's existing capacity under ASX Listing Rules 7.1 and 7.1A . A further 1,162,790 Shares are intended to be issued under Tranche 2 of the Placement to [...]
+120,00 %
-46,15 %
