SUCCESSFUL COMPLETION OF THE ACQUISITION OF CUE METALS

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Stock E79 Gold Mines Ltd (E79.ASX)
Release Time 4 Dec 2025, 10:37 a.m.
Price Sensitive Yes
 E79 Completes Cue Metals Acquisition, Appoints New Director
Key Points
  • Acquisition of Cue Metals and the Cue Gold Project is complete
  • Matthew Bowles joins the Board as a Non-Executive Director
  • Planning for ground gravity program underway, to commence in mid-December
Full Summary

E79 Gold Mines Ltd (ASX: E79) has completed the acquisition of 90% of Cue Metals Pty Ltd, including the rights to the Cue Gold Project. The acquisition was completed after all conditions precedent were met, including obtaining shareholder approval. As part of the agreement, E79 Gold has issued 14,285,714 fully paid shares to the shareholders of Cue Metals. Deferred consideration is also payable upon the achievement of various milestones. E79 Gold has also appointed experienced resources executive Matthew Bowles as a Non-executive Director, effective 4 December 2025. Mr Bowles has over 20 years of experience in the mining industry, with a proven track record in corporate growth, mergers and acquisitions, and investor relations. E79 Gold is planning an aggressive exploration program at the Cue Gold Project, with a project-wide ground gravity program scheduled to commence in late 2025 and expected to take 6-8 weeks. This dataset is crucial to mapping the cross-cutting faults that bring mineralising fluids through the favoured host dolerite. E79 Gold, through its 90% owned subsidiary Cue Metals, also intends to exercise the Option Agreement to acquire ownership of six tenements in Cue, Western Australia, as soon as practicable.

Outlook

E79 Gold is planning an aggressive exploration program at the Cue Gold Project, with a project-wide ground gravity program scheduled to commence in late 2025 and expected to take 6-8 weeks. This dataset is crucial to mapping the cross-cutting faults that bring mineralising fluids through the favoured host dolerite.