We've secured exclusive rights to acquire a 90% interest in the Gonini Gold Project, a large landholding of around 164 km² of granted mining rights in Suriname's Sara Creek district. This makes us the first ASX-listed company in decades to hold exploration rights over a granted mining tenure in this part of South America.

Gonini sits in a region with a long history of gold mining, stretching back to 1876, and it's close to two major producing mines: Newmont's Merian and Zijin's Rosebel. Despite generations of small-scale mining on the ground itself, there's no record of any modern exploration ever being carried out there. That's the opportunity: an established artisanal footprint and a favourable geological setting that nobody has yet tested with systematic, modern techniques.

We believe this gives us a genuine first-mover position at a time when significant international capital is flowing into gold exploration across Suriname and the wider Guiana Shield. Our plan is to move quickly from data compilation and site visits into sampling and geochemistry, aiming to build a ranked pipeline of drill targets, with fieldwork planned for the coming dry season.

It's important to be clear about where things stand. This is a greenfield project: no mineral resources have been estimated and no exploration results are reported. Completing the acquisition depends on conditions being satisfied, including due diligence and formal government confirmation of the tenure, and the terms agreed so far are negotiated but not yet binding. Deferred payments and minimum exploration spending are required over the next five years to keep our interest.

If you have questions about this announcement, we'd encourage you to ask them through the investor hub.