• Placement at $0.035 per share raises $5.5 million
• Funds to advance drilling at Radio Gold Mine and Butchers Creek Gold Projects
• Strong near-term news flow expected from drill programs

WIN Metals Limited (ASX: WIN) has received firm commitments to raise A$5.5 million (before costs) via a share placement at an issue price of A$0.035 per share. The placement was heavily oversubscribed, with strong support from existing and new sophisticated and professional investors. The funds will primarily be used to fund the second phase of drilling at the Radio Mine Gold Project and drilling and evaluation work at the Butchers Creek Gold Project. Drilling at Radio is expected to commence in the New Year following analysis of WIN's maiden drill program, while drilling and resource development at the Golden Crown deposit at Butchers Creek is expected to commence following the end of the Kimberley wet season. The placement shares will be issued under the Company's Listing Rules 7.1 and 7.1A placement capacity. WIN will also, subject to shareholder approval, issue one attaching option for every two shares issued pursuant to the Placement. The options will be exercisable at $0.07 each, with an expiry date 2 years from the date of issue. The company plans to seek shareholder approval for these issues at a General Meeting expected to be held in late January 2026. The placement proceeds will allow WIN to rapidly progress its plans to transition to a gold producer, with the company enthused by its recent achievements at both the Butchers Creek and Radio Gold Mine Projects.

The placement proceeds will allow WIN to rapidly progress its plans to transition to a gold producer, with strong near-term news flow expected from the upcoming drill programs at the Radio Gold Mine and Butchers Creek Gold Projects.