• Codrus Minerals acquires two exploration projects in Australia and Peru
• Copperhole Creek Project in Queensland shows promising historical results
• Tiquihua Project in Peru has potential for high-quality molybdenum and copper
• Acquisition involves issuing shares, performance rights, and cash payments
• Funds raised through a placement will be used for exploration and acquisition costs

Codrus Minerals Limited has announced the acquisition of two high-potential exploration assets in Australia and Peru, aiming to diversify and grow in the copper, molybdenum, and critical minerals sector. The acquisition includes the Copperhole Creek Project in Queensland, Australia, and the Tiquihua Project in the Apurimac region of Peru. The Copperhole Creek Project, located approximately 300 km from Townsville and Cairns, has historical exploration results indicating significant copper, silver, and tin mineralization. The Tiquihua Project, with small artisanal production, is prospective for high-quality molybdenum, copper, and other critical minerals. Codrus will issue 230 million shares and 60 million performance rights, along with an upfront cash payment of A$100,000 and potential cash milestone payments of up to A$1,000,000. The acquisition is subject to conditions precedent, including shareholder approval. Additionally, Codrus is undertaking a two-tranche placement to raise up to A$2,500,000 through the issue of up to 100 million shares at A$0.025 per share. The funds raised will be used for exploration activities and acquisition costs.

Codrus Minerals plans to issue 230 million shares and 60 million performance rights, with an upfront cash payment of A$100,000 and potential milestone payments of up to A$1,000,000.

Codrus Minerals anticipates the acquisition will provide significant growth and diversification opportunities in the copper, molybdenum, and critical minerals sector.