REG - Great Southrn.Copper - £2.5million Equity Funding to Expand Exploration

Great Southern CopperAnnouncement

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RNS Number : 2655I  Great Southern Copper PLC  20 November 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH
LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON
PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS
INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

 

20 November 2025

 

Great Southern Copper plc

("GSC" or the "Company")

 

GSC secures £2.5million equity funding to expand exploration in Chile

 

Great Southern Copper plc (LSE: GSCU), the company focused on
copper-gold-silver exploration in Chile, is pleased to announce that it has
raised £2.5million to finance its ongoing exploration programmes at the
Especularita Project in Chile, through a placing of new equity (the
"Fundraising").

 

The Fundraising comprises:

 

£2.5million raised through a private placing with existing and new investors
("Placing"), resulting in the issue of 99.640 million new ordinary shares of 1
pence each ("New Shares") at a placing price of 2.5 pence, being a 10 per
cent. discount to the Company's volume weighted average share price over the
previous 20 trading days. The New Shares represent approximately 16 per cent
of the Company's current issued share capital. The Placing is conditional on
admission of the New Shares to listing on the Equity shares (transition)
category of the Official List of the Financial Conduct Authority and to
trading on the Main Market of London Stock Exchange plc becoming effective
("Admission"). Each share will have half a warrant, exercisable at £0.045 for
a period of 24 months from the date of Admission to trading of the Placing
shares

 

Rationale for Fundraising and Use of Proceeds

 

The last 12 months has seen significant progress for the Company with its
discovery of a high grade copper-silver target at Mostaza, within the Cerro
Negro prospect.  In addition, the team in Chile has identified a number of
highly prospective targets across its concessions, including a gold porphyry
target at Viuda and copper porphyry targets associated with the Colorada
lithocap.

 

This funding, being the largest raise by the Company since its admission to
listing in December 2021, is required to enable the expansion of these
exploration programmes on those targets which the Board considers to be the
most prospective.

 

Sam Garrett, Chief Executive Officer of Great Southern Copper plc, said: "This
raise is a major milestone for Great Southern Copper, highlighting both new
institutional and long-term shareholder support for the Company's exploration
strategy and rewarding our successes with the drill bit this year. This is a
real show of confidence in the direction of the company, its project's and the
management team.

 

"The Company currently has three drill rigs in operation at the Cerro Negro
prospect carrying out our Phase III exploration drilling programme, and we
look forward to updating the market on the results here. This new funding
allows Great Southern Copper to advance  its exploration efforts at
Especularita, focusing on our high-grade copper-silver discovery at Mostaza.
In addition, the funds will be used to expand its exploration and drilling
programmes at Viuda, targeting porphyry gold mineralisation as well as testing
new prospects across the wider project area.

 

"We greatly appreciate the on-going backing of our long-term holders and
welcome the support shown by our new investors."

 

Admission and Total Voting Rights

Application will be made for Admission of the New Shares, which will
rank pari passu in all respects with the existing ordinary shares in the
Company, which is expected to occur at 8.00 a.m. on or around 1 December 2025.

 

Following Admission of the New Shares, the total number of ordinary shares and
voting rights in the Company will be 688,739,755.  This figure may be used by
shareholders in the Company as the denominator for the calculations by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the FCA's
Disclosure and Transparency Rules.

 

Contact Details:

 

 Great Southern Copper plc             c/o BlytheRay
 Sam Garrett, Chief Executive Officer  +44 (0) 20 7138 3204

 SI Capital Limited
 Nick Emerson                          +44 (0) 1483 413500

 BlytheRay
 Tim Blythe / Megan Ray                +44 (0) 20 7138 3204

                                       gsc@blytheray.com (mailto:gsc@blytheray.com)

 

Notes for Editors:

 

About Great Southern Copper

 

Great Southern Copper PLC is a UK-listed mineral exploration company focused
on the discovery of copper-gold-silver deposits in Chile. The Company has the
option to acquire mining rights to 100% of Especularita project in the
under-explored coastal belt of Chile that is prospective for large scale
copper-gold-silver deposits. Chile is a globally significant mining
jurisdiction being the world's largest producer and exporter of copper.

 

The Especularita Project is located in the coastal metallogenic belt of Chile
which hosts significant copper mines and deposits, including Teck's Carmen de
Andacollo copper mine, and boasts excellent access to infrastructure such as
roads, power and ports. Significant historical small-scale and artisanal
workings for both copper and gold are readily evident in the exploration
project area. The coastal belt offers deposit type optionality for copper
including porphyry and IOCG style deposits as well as newly recognised
intrusive-related copper and gold deposits.

 

Great Southern Copper is strategically positioned to support the global market
for copper - a critical battery metal in the clean energy transition around
the world. The Company is actively engaged in exploration and evaluation work
programmes targeting both large tonnage, low to medium grade Cu-Au as well as
high-grade Cu-Ag-Au deposits. Further information on the Company is available
on the Company's website: https://gscplc.com (https://gscplc.com)

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