Skylark Minerals Raises A$10M to Accelerate Exploration and Acquisitions in 2025

Capital Restructure and Strategic Positioning

Skylark Minerals Limited has marked the March 2025 quarter with a pivotal capital restructure, successfully raising A$10 million through a placement of 50 million shares at A$0.20 each, accompanied by attaching options. This financial boost, coupled with a share consolidation, has fortified the company's balance sheet, positioning it to aggressively pursue its dual-track strategy focused on acquiring new projects and advancing existing exploration assets.

The capital raise saw full participation from the board, including Managing Director Michael Jardine, underscoring strong internal confidence in the company’s growth trajectory. With a cash balance of A$8.25 million at quarter-end, Skylark is well-capitalised to execute on its ambitious plans.

Exploration Progress and Project Highlights

On the exploration front, Skylark reported encouraging developments at several key projects. The Narongo Prospect within the Captains Flat Project in New South Wales revealed highly favourable geological characteristics for base metal mineralisation during December 2024 field activities. Historical shafts and copper-zinc soil anomalies present compelling drill targets, with follow-up fieldwork scheduled for the second half of 2025 to further delineate these prospects.

Meanwhile, the Perseverance Project in Brazil, situated in the renowned Lithium Valley, has undergone comprehensive desktop studies that identified and ranked priority targets. These findings lay the groundwork for planned field exploration and drilling campaigns later this year, aiming to unlock the lithium and critical mineral potential of this large, early-stage project.

Additionally, initial desktop assessments of the Simon-Anderson Copper Project in Queensland have informed exploration planning, with potential field programs anticipated in the latter part of 2025. This project, holding an 80% interest, is strategically located in a historic mining region with underexplored potential.

Citronen Divestment and Corporate Developments

Skylark is advancing the divestment of its Citronen Zinc-Lead Project in Greenland, a transaction valued at A$1.4 million through the sale of its wholly owned subsidiary Ironbark A/S to Dubai-based Almeera Ventures Limited. However, the completion timeline has been extended to the end of August 2025 due to regulatory delays linked to the Greenlandic election process. This divestment aligns with Skylark’s strategic pivot towards precious metals and critical minerals, streamlining its asset base to focus on higher-value opportunities.

Notably, the company officially adopted its new name, Skylark Minerals Ltd, in January 2025, reflecting its refreshed corporate identity and strategic direction. The leadership team, bolstered by Chairman Nikolai Zelenski’s appointment earlier this year, brings deep expertise in gold industry growth and operational excellence, underpinning the company’s ambitions.

Outlook and Strategic Implications

Skylark Minerals is actively evaluating multiple acquisition opportunities, with several prospects reaching advanced stages of due diligence. While no definitive transactions have been announced, the company’s proactive approach to expanding its portfolio through both organic exploration and strategic acquisitions signals a commitment to delivering growth and shareholder value in 2025.

As exploration programs ramp up and regulatory approvals for the Citronen divestment progress, Skylark’s next chapters will be closely watched by investors seeking exposure to base metals, lithium, and precious metals within a diversified and globally positioned portfolio.