Investigator Raises $10M at 4.2c to Accelerate Paris Silver Development

Strategic Capital Raise to Accelerate Development

Investigator Resources Limited (ASX – IVR) has successfully completed a $10 million placement at 4.2 cents per share, attracting strong support from both new and existing institutional investors, including its largest shareholder, Jupiter Asset Management. This capital injection is designed to accelerate multiple facets of the company’s flagship Paris Silver Project and its broader portfolio, positioning Investigator for the next critical phase of project financing and development.

The placement pricing reflects a premium to the recent volume-weighted average price, signaling investor confidence in the company’s strategy and assets. The funds will be deployed to fast-track permitting processes, optimize the Definitive Feasibility Study (DFS), and expand exploration drilling programs across several promising targets.

Advancing Australia’s Highest-Grade Pure Silver Project

The Paris Silver Project stands out as Australia’s highest-grade undeveloped primary silver deposit, boasting a 57 million ounce silver resource. Unlike many other silver projects where silver is a by-product, Paris offers pure silver exposure, making its economics directly tied to silver price movements. This pure-play status enhances its appeal amid rising silver demand driven by industrial and renewable energy applications.

Investigator is already engaged with government authorities to advance the Mining Lease Application, with many technical studies completed and being refined to meet permitting requirements. Concurrently, the DFS is undergoing a design reset focused on a finance-first approach, aiming to ensure the project is bankable by aligning throughput and capital intensity with realistic funding pathways. Planned optimizations include pit redesign to capture higher-grade ounces, transitioning to a wet tailings storage facility to reduce costs, and streamlining plant design.

Expanding Exploration to Extend Mine Life and Unlock Value

Beyond the core project, the placement funds will accelerate drilling along the 15-kilometre Paris Silver Corridor, targeting near-mine prospects such as Perseus, Manto, and Athena. Success here could add new silver ounces to the mine plan, extending the mine life and enhancing leverage to silver price upside.

At the Uno Morgans Project, located 80 kilometres east of Paris, early drilling has confirmed prospectivity for silver, gold, and base metals. The capital raise enables follow-up drilling to test a potential hub-and-spoke development model with Paris as the processing hub. Meanwhile, the underexplored Curnamona Project will see first-pass drilling of high-priority targets identified through geophysical and geochemical anomalies, aiming to unlock value from historic gold and copper mining areas.

Strengthening the Register and Positioning for Growth

Managing Director Lachlan Wallace emphasized that the placement not only strengthens the company’s institutional register but also accelerates key workstreams to bring forward first silver production. The balanced approach to capital allocation, covering permitting, DFS optimization, exploration, and working capital, reflects a clear strategy to maximize shareholder value and advance Australia’s only pure silver development project towards production.