• Corazon Mining has acquired the Chalice Gold Project from Westgold Resources for A$25.7 million.
• The acquisition includes a 191,000oz Mineral Resource at 2.7g/t Au.
• Westgold will hold a ~19.9% stake in Corazon post-acquisition.
• Corazon plans to commence a 15,000m drilling campaign to extend the known mineralisation.
• The acquisition is expected to close in late June 2026.

Corazon Mining Limited (ASX: CZN) has entered into a binding agreement to acquire 100% of the Chalice Gold Project from Westgold Resources Limited (ASX: WGX) for approximately A$25.7 million. The acquisition includes an upfront cash payment of A$8.0 million, the issuance of 47.6 million fully paid ordinary shares in Corazon (representing a ~19.9% equity holding in Corazon post-completion of the Acquisition and Placement), and A$11.0 million in deferred cash payments linked to anniversary and Mineral Resource expansion milestones. The Chalice Gold Project is located in the Higginsville district of Western Australia and hosts a JORC 2012 Mineral Resource of 191,000oz @ 2.7 g/t Au. Corazon plans to commence a 15,000m drilling campaign to extend the known mineralisation and test new targets. The acquisition is expected to close in late June 2026, subject to Corazon shareholder approval.

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