• $100 million placement completed in two tranches at $0.40 per share
• Major shareholders invest $42.5 million, new shareholder Golden Crane commits $48.6 million
• Funds to be used for front-end engineering, exploration, and statutory approvals

Saturn Metals Limited has completed a $100 million placement to fund the development of the Apollo Hill Gold Project. The placement was conducted in two tranches, with the first tranche raising approximately $25 million and the second tranche expected to raise $75 million pending shareholder approval. The placement was supported by significant investments from Saturn's four largest shareholders, totaling $42.5 million, and a new cornerstone shareholder, Golden Crane Holdings Limited, which committed $48.6 million. The funds will be used for front-end engineering, exploration, and statutory approvals, among other development activities. An accompanying Share Purchase Plan targeting an additional $5 million is also being offered to eligible shareholders.

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