Investor Support Bolsters Investigator’s Silver Projects Amid Market Uncertainty

Strong Capital Raise Backing Exploration Ambitions

Investigator Resources Limited (ASX, IVR) has successfully secured firm commitments to raise $4.3 million through a share placement priced at 3.0 cents per share. This capital injection comes at an 11.8% discount to the last traded price but a premium to the recent volume-weighted average price, reflecting solid investor appetite. The placement includes the issuance of 143.3 million new fully paid shares alongside listed options exercisable at 4.2 cents, expiring in March 2028.

The fundraising was notably supported by institutional investors and Investigator’s largest shareholder, Jupiter Asset Management, underscoring confidence in the company’s exploration strategy and project pipeline.

Targeted Use of Funds to Advance Key Projects

Proceeds from the placement will be strategically deployed to accelerate drilling programs within Investigator’s South Australian portfolio. The primary focus is the Paris Silver corridor, encompassing the Perseus, Manto, and recently acquired Black Hills prospects. These targets lie within a 15-kilometre corridor with promising silver potential.

Additional drilling will also be conducted at the Uno Morgans and Curnamona projects, which offer prospective gold and copper opportunities. The company aims to commence drilling activities from August 2025, leveraging its experienced geological team and newly secured drill rigs.

Advancing the Paris Silver Project DFS

Beyond exploration, a significant portion of the funds will support the completion of the Definitive Feasibility Study (DFS) for the Paris Silver Project. This study is a critical milestone, intended to consolidate prior technical work into a comprehensive report that will underpin the company’s application for a mining licence with South Australian regulators.

Investigator’s Acting Managing Director Andrew Shearer expressed optimism about the placement’s success and the upcoming leadership transition, with Lachlan Wallace set to assume the Managing Director role in July. The DFS completion is expected to provide a clearer pathway toward project development and potential production.

Capital Structure and Market Implications

The placement will increase Investigator’s shares on issue by approximately 9%, with the new options providing additional upside potential for investors. Alpine Capital acted as sole lead manager, earning a 6% fee and broker options as part of the arrangement.

This capital raise not only strengthens Investigator’s financial position but also signals robust market interest in silver-focused exploration plays amid a competitive mining sector. The company’s ability to convert exploration success into tangible project advancement will be closely watched.