Pinnacle Minerals Advances REE, Lithium, and Mineral Sands Projects; Raises $1.76M Capital

• Metallurgical studies and exploration planned at Wirrulla Rare Earth Element Project
• Heavy mineral sands drilling ongoing at Capel, with JV partnerships under consideration
• Lithium pegmatite targets confirmed at Adina East Project in Quebec
• $1.76 million capital raising announced post-quarter to support projects
• Cash balance approximately $455,000 with cost-saving measures implemented

Exploration Momentum Across Three Key Projects

Pinnacle Minerals Ltd has reported steady progress in its June 2025 quarterly activities, focusing on advancing exploration and evaluation across its portfolio of rare earth, lithium, and heavy mineral sands projects. The company’s efforts are anchored by detailed metallurgical reviews and historical data assessments, setting the stage for targeted drilling and further resource definition.

At the Wirrulla Rare Earth Element (REE) Project in South Australia, Pinnacle concentrated on reviewing metallurgical studies and historical drill cores. Previous drilling returned promising intervals, including a notable 6 metres at 1,708 ppm total rare earth oxide, with a significant proportion of heavy and magnet rare earth oxides. The project benefits from its location in a low sovereign risk jurisdiction, proximity to infrastructure, and mineralisation hosted in mineable clays, factors that enhance its strategic appeal.

Capel Heavy Mineral Sands, Drilling and JV Strategy

In Western Australia, the Capel Heavy Mineral Sands project saw ongoing analysis of drilling results from a 2024 aircore program. The drilling targeted two palaeo-shoreline trends with the objective of defining an ilmenite-rich heavy mineral resource. Initial assays confirmed broad mineralisation over a strike length of approximately 3 kilometres, with highlights including intervals grading up to 13.1% heavy minerals. Pinnacle is actively exploring potential joint venture partnerships to advance development, reflecting a strategic approach to capital and risk management.

Lithium Potential Confirmed at Adina East, Quebec

Across the globe in Quebec, Canada, the Adina East Lithium Exploration Project confirmed the presence of pegmatite targets through a review of prior surveys and an airborne LIDAR study. These targets are geologically analogous to nearby discoveries by other ASX-listed companies, suggesting promising lithium potential. Field exploration is planned for the upcoming quarter to ground-truth these targets, leveraging the accessible terrain and infrastructure in the James Bay region.

Capital Raising and Financial Position

Following the quarter, Pinnacle Minerals announced a $1.76 million capital raising via placement to sophisticated investors. The funds will support ongoing exploration and evaluation activities, as well as the pursuit of new strategic opportunities. The placement includes an offer price of $0.04 per share with free attaching options exercisable at $0.08. At quarter-end, the company held approximately $455,000 in cash and has implemented cost-saving measures to conserve capital and streamline operations.

While no mining production or development expenditure was recorded during the quarter, the company’s focus on exploration and strategic partnerships positions it to potentially unlock value across its diversified project portfolio.

Bottom Line?

Pinnacle Minerals’ recent capital raise and focused exploration efforts set the stage for critical developments in rare earths, lithium, and mineral sands sectors.

Questions in the middle?

• When will Pinnacle commence drilling programs to follow up on the Wirrulla REE metallurgical reviews?
• Which potential joint venture partners are being considered for the Capel Heavy Mineral Sands project?
• What are the timelines and expected scale for the upcoming field exploration at the Adina East Lithium Project?