New Zealand Government Publishes Its Critical Minerals List - Naming Gold and Antimony. RUA GOLD Provides Exploration Update on the Reefton Project's Extensive Antimony Potential

New Zealand Government Publishes Its Critical Minerals List - Naming Gold and Antimony. RUA GOLD Provides Exploration Update on the Reefton Project's Extensive Antimony Potential

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") executives attended the launch event for the Minerals Strategy for New Zealand to 2040 and Critical Minerals List event hosted by New Zealand Petroleum and Minerals in Waihi on January 31, 2025. Honorable Shane Jones, Resource Minster for New Zealand, presented the critical minerals list that included both gold and antimony.

Furthermore, Rua Gold is pleased to provide an update from the exploration campaign underway at the Reefton Project on the South Island of New Zealand with significant added potential of antimony within the project.

Highlights:

  • Rua Gold is sitting on the vast majority of New Zealand's antimony inventory.
  • Byproduct credit that antimony brings the potential to add considerable economic value to the Reefton Project and New Zealand's strategic mineral inventory.
  • Antimony spot price increased 250% in 2024 and has held at all time high levels of over US$40,000 ton.
  • Auld Creek already has an antimony resource, and the Company is focused on expanding this in 2025. The resource is restricted to two of the four known shoots. Soil geochemistry indicates the potential for discovery of additional mineralised shoots over a strike length of 2.5km.
  • Drilling of Auld Creek commenced in December 2024, holes ACDD024, ACDD025 intersected 4-5m of strong stibnite (antimony sulphide) mineralization. Assays pending in the lab.
  • Rock chips have been found in several areas across the Reefton District with grades with up to 40.3% antimony (and gold grades up to 74.3g/t).
  • It is common for high grade gold and stibnite (antinomy ore mineral) to be co-located and the stibnite it is often used as a pathfinder for gold.

Robert Eckford, CEO of Rua Gold commented: "Having New Zealand's largest known antimony presence on our property is extremely encouraging, especially with it trading at all time high's and with it being announced on New Zealand's first ever critical minerals list.

We commenced drilling on Auld Creek antimony-gold prospect which already has an antimony resource. Rock chips across the other projects on the property increase our confidence this gold-antimony occurrence is consistent across the Reefton Goldfield. We are focused on expanding the Auld Creek resource and we will have assay results from the latest holes coming out in February.

This all comes on the back of the government's launch event for the Minerals Strategy for New Zealand to 2040 and Critical Minerals List, where both gold and antimony in Reefton Goldfield was called out as being one of the key focus points of the critical minerals strategy for New Zealand."

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Figure 1: Overview of the Reefton Goldfield.

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GLOBAL SUPPLY AND VALUE OF ANTIMONY

Antimony, is a critical metalloid primarily sourced from the mineral, stibnite. It is highly valuable and increasing in demand due to its versatility and has essential applications across renewable energy, liquid battery metals, defence and technological sectors.

Due to its limited supply, predominantly controlled by China, Russia & Tajikistan, antimony is considered a strategic material essential for supply chain security, particularly during periods of geopolitical instability. This was heightened in August 2024, when China announced export controls on processed antimony products. In response to these controls, nations have accelerated their efforts to secure alternative sources of antimony to mitigate the risk of significant supply chain vulnerabilities.

The US, EU, UK, Japan, Canada and Australia all designate antimony as a critical mineral. On January 31, 2025, New Zealand also announced their Critical Mineral List which included antimony.

Reflecting heightened demand, the price of antimony has reached new highs, currently trading over US$40,000 per tonne, a significant increase from US$11,350 per tonne at the start of 2024. This market shift has intensified interest in the strategic antimony potential held by Rua Gold.

EXPLORATION POTENTIAL

Auld Creek Focus

Rua Gold commenced drilling at Auld Creek in December 2024. It has a targeted program to drill four mineralised shoots identified from historical surface exploration work interpreted by the Rua Gold team over the past 3 months.

Auld Creek is situated between two past producing mines, Globe Progress mine, and the Crushington Group of mines which collectively produced 933,000oz at 14.0g/t Au (Barry 1993). Auld Creek has three historic adits but no commercial production from the reefs.

Rua Gold has an inferred resource indicating 700,000 tonnes at 3.1g/t Au and 1.1% Sb for 67,000oz of gold and 8,000 tonnes of antimony1 (AuEq 110,000oz2). The resource is restricted to two of the four known shoots. Soil geochemistry indicates the potential for discovery of additional mineralised shoots over a strike length of 2.5km.

Two of the four holes completed to date intersected 4-5m of strong visible stibnite (antimony sulfide) mineralization in the Fraternal-Bonanza structure. Logging and assaying are in progress.

Previous diamond drilling by Siren Gold Limited ("Siren") confirmed the presence of significant antimony, with notable drill holes including:

  • ACDDH011: 8.1m @ 2.73g/t Au and 4.33% Sb (AuEq of 11.0g/t) 80m below the surface.
  • ACDDH015: 12.4m @ 5.19g/t Au and 13.65% Sb (AuEq of 31.3g/t) 75m below the surface.

Full table of results in Table 1 in the appendix below.

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Figure 2: Extent of drilling and mapping at Auld Creek with four main reef tracks overlain on arsenic soil geochemistry.

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Other Reefton Prospects

With the increased interest in antimony over 2024, the exploration team widened its focus to include testing for stibnite (antimony) mineralization across other known targets of the Reefton Goldfield.

In the early 1900's, the Fiery Cross lode, within Capleston, reported significant antimony mineralisation associated with the gold-bearing quartz reef, but at the time, in common with many other Reefton Goldfield mines, mining this posed a problem for gold recovery and the material was discarded on the tip head. Re-sampling of this mined material from the tip head (float), and from an insitu quartz reef of the old mine at surface has returned exceptionally high results including:

  • Sample GER3721 with 23.5g/t gold and 20.6% antimony
  • Sample GER3725 with 7.53g/t gold and 16.7% antimony
  • Sample GER3726 with 52.3g/t gold and 16.0% antimony

Refer to Table 2 in the appendix below for a complete list of rock samples.

Murray Creek hosts the Golden Treasure mine, 350m south south-west of the Victoria-Inglewood mines. Gold recovery at the Golden Treasure was also hindered by the presence of stibnite. In parts of the mine where the shoot consisted of 30-40 % antimony the ore was stacked in the workings for future sale (Downey, 1928a).

Rua Gold conducted both channel samples on surface and assayed a suite of rocks from the tip head of the mine workings. This has provided firsthand evidence of the tenor of the antimony has returned exceptionally high results including:

  • GERS6027: Trench with 1m wide with 10.8g/t gold and 1.7% antimony
  • GERS6028: Trench with 1m wide with 3.66g/t gold and 3.8% antimony
  • GERS3714: Rock sample with 2.29g/t gold and 40.3% antimony
  • GERS3716: Rock sample with 6.72g/t gold and 26.9% antimony
  • GERS3720: Rock sample with 4.77g/t gold and 23.3% antimony

Refer to Table 3 and 4, respectively, in the appendix below, for a complete list of trench and rock samples.

With results from this surface exploration work, the exploration team are encouraged that the stibnite mineralization is demonstrated throughout the Reefton Goldfield and further work will form part of the surface exploration campaign in 2025.

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Figure 3: Location of known antimony locations.

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ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold's two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company's Glamorgan Project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

TECHNICAL INFORMATION

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of Rua Gold, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has participated in the geochemical sampling, and mapping programs to verify that they have been conducted in accordance with standard operating procedures. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.

QA/QC ROCK SAMPLES AND CHANNEL SAMPLES

Veins were sampled in 1 m intervals. Before sampling, outcrops were cleared of debris and alluvial sediments with shovels and hammers to uncover the full extent of the veins. 1m intervals were measure with a tape and marked with flagging tape or spray paint. A line was made along the outcrop, then chips were taken continuously along that line. Each 1m interval sample is 1.5kgs of material.

Rock samples were sent to SGS Laboratories, Westport for sample preparation. Samples were crushed and pulverized to 85% passing 75 µm. The pulverized rock-chips were split into two samples: a ~50 g sent for laboratory analysis, and the reject returned to RGL for pXRF analysis and storage. Pulverized rock-chip samples were analyzed for gold (Au) by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505); and for antimony (Sb) by Sodium Peroxide Fusion Analysis by ICP-MS at SGS Waihi.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Table 1: Significant drilling intercepts for Auld Creek, full mineralized zone composites (1.5 g/t Au cut-off)1.

Hole ID Azimuth Dip (⁰) Easting (NZTM) Northing (NZTM) From (m) To (m) Downhole Interval (m) Au (g/t) Sb (%)
ACDDH004 45 -60 1507194 5332976 51.72 57.9 6.18 1.59 0,01
ACDDH004 45 -60 1507194 5332976 116.19 136.84 20.65 5.41 2.17
ACDDH005 100 -60 1507194 5332976 57.66 64.41 6.75 1.64 0.06
ACDDH005 100 -60 1507194 5332976 65.8 80.35 14.55 2.07 0.10
ACDDH007 40 -58 1507185 5332881 123.22 148.45 25.23 3.14 0.07
ACDDH008 100 -58 1507186 5332881 72.14 76.35 4.21 1.55 0.02
ACDDH011 130 -81 1507212 5333051 75.3 83.4 8.1 2.73 4.33
ACDDH015 158 -58 1507204 5333139 69.6 82 12.4 5.19 13.65
ACDDH015 158 -58 1507204 5333139 105 132.4 27.4 3.67 0.2
ACDDH016 330 -55 1507202 5333141 65 90 25 6.55 0.29

Table 2: Fiery Cross Rock Sampling

Sample ID Easting Northing Au (g/t) Sb %
GERS3721 1511843 5341564 23.5 20.60
GERS3722 1511843 5341575 3.99 3.37
GERS3723 1511837 5341573 1.6 8.16
GERS3724 1511850 5341579 0.75 16.80
GERS3725 1511870 5341609 7.53 16.70
GERS3726 1511865 5341607 52.3 16.00
GERS3727 1511853 5341608 3.85 2.08
GERS3728 1511855 5341611 9.22 4.50
GERS3729 1512081 5341681 74.3 0.02

Table 3: Golden Treasure trench results outcropping Antimony lode

Trench Sample ID Easting Northing From To Interval Au (g/t) Sb%
GT01 GERS6024 1510018 5335275 0 1 1 5.92 0.0168
GT01 GERS6025 1510018 5335275 1 2 1 4.87 0.0158
GT01 GERS6026 1510018 5335275 2 3 1 0.6 0.0172
GT02 GERS6027 1510016 5335266 0 1 1 10.8 1.7212
GT02 GERS6028 1510016 5335266 1 2 1 3.66 3.8173
GT02 GERS6029 1510016 5335266 2 3 1 0.3 0.213
GT02 GERS6030 1510016 5335266 3 4 1 10.8 0.0223
GT02 GERS5651 1510016 5335266 4 5 1 1 0.0124
GT02 GERS5652 1510016 5335266 5 6 1 1.53 0.0123
GT02 GERS5653 1510016 5335266 6 7 1 19.8 0.0161

Table 4: Golden Treasure rock chip sampling from tip head and creek float adjacent to level 1.

Sample Easting Northing Au (g/t) Sb %
GERS3711 1510018 5335275 12.4 1.07
GERS3712 1510016 5335266 4.33 3.71
GERS3713 1510020 5335249 1.74 0.371
GERS3714 1510096 5335170 2.29 40.3
GERS3715 1510097 5335170 13.3 7.46
GERS3716 1510096 5335171 6.72 26.91
GERS3717 1510095 5335171 7.03 9.88
GERS3718 1510094 5335173 0.05 24.7
GERS3719 1510098 5335173 1.85 30.3
GERS3720 1510096 5335176 4.77 23.3

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An emerging gold explorer in New Zealand’s historical goldfields

RUA GOLD Reports High-Grade Intercepts at Auld Creek, Including 17m @ 9.8g/t AuEq and 8m @ 8.9g/t AuEq, Extending Strike of Current Resource

RUA GOLD Reports High-Grade Intercepts at Auld Creek, Including 17m @ 9.8g/t AuEq and 8m @ 8.9g/t AuEq, Extending Strike of Current Resource

Highlights:

  • Auld Creek hosts an inferred resource contained within two mineralized shoots, Bonanza and Fraternal, which outcrop at surface. Recent drilling has increased the vertical extent of the resource from 160m to 300m and increased the strike length from 350m to 620m. The resource remains open in all directions, with every drill hole intersecting the structure.

  • Highlighted assay results show:
    • ACDDH037: 8m @ 8.9g/t AuEq1 (6.2g/t Au & 0.6% Sb) from 158m depth
      • Including 5m @ 11.1 g/t AuEq1 (7.0g/t Au & 1.0% Sb)

    • ACDDH039: 17m @ 9.8 AuEq1 (3.6g/t Au & 1.5% Sb) from 155m depth
      • Including 10m @ 15.3 g/t AuEq1 (5.0g/t Au & 2.4% Sb)

  • Two rigs are currently drilling at Auld Creek, testing the Bonanza shoot in the north and the Fraternal shoot in the south. Surface soil geochemistry has confirmed the system can be traced over a 2.5km strike length.

  • The drilling program at the first Cumberland target, Gallant, has concluded after sixteen drill holes. Initial results were encouraging, identifying three correlated mineralized quartz veins; however, these have not demonstrated continuity on a larger scale due to structural complexity.

  • Regional Program: VRIFY AI modelling has guided target generation for regional exploration work >30km south of Reefton at Bell Hill (refer to Figure 6). Initial surface rock-chip sampling of outcropping quartz veins returned grades of 14.2 g/t and 14.3g/t Au. September 8, 2025

Rua Gold Inc. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to provide an update on its ongoing drilling campaign at the Reefton Project, located on the South Island of New Zealand. The Company reports additional high-grade gold-antimony intersections, identified 270 meters north along strike of the current resource estimate.

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RUA GOLD Expands Reefton Drill Program and Provides Strategic Outlook

RUA GOLD Expands Reefton Drill Program and Provides Strategic Outlook

Rua Gold Inc. (TSXV: RUA,OTC:NZAUF) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to announce the commencement of an expanded drilling program at its Reefton Project on the South Island of New Zealand, and outlines the strategy for its fully funded 12-month exploration program. 

   

 Highlights: 

 

Robert Eckford, CEO of Rua Gold commented: "We closed Q2 2025 with $14 million in the treasury, placing us in a strong position to execute on our aggressive exploration plan in New Zealand. Over the past month, our Board and Management team have been focused on shaping the Company's strategy to transition us from an explorer to a developer.

With New Zealand's highly supportive permitting regime, our goal is to rapidly build ounces on our balance sheet and enter the "Fast Track Permitting Process" in 2026.

As our gold-antimony resource continues to grow rapidly - and with antimony at the top of every nations' critical minerals lists - the significance of this resource expansion and accelerated permitting is substantial for both Rua Gold and New Zealand"

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Figure 1: Conceptual Plan for Auld Creek Resource Expansion Drilling

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Figure 2: Alexander River long-section schematic 

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Reefton Goldfield Exploration Overview

The Reefton Goldfield is an orogenic district that produced 2Moz of gold at grades up to 50g/t up to the early 1900s. Rua Gold has assembled 120,000 hectares within this district that has seen limited drilling in the last 30 years. This goldfield is analogous in age, geology, mineralization style, and geological structure to that of Southern Cross Gold and the Fosterville Gold mine.

Auld Creek: Rua Gold commenced drilling at Auld Creek in December 2024 and has completed ~2,800 metres of drilling. The targeted program aims to add a further 4,000 metres of drilling across four mineralised shoots identified from surface exploration work (Figure 1). Following this, the resource will be refreshed and updated into the 43-101 report.

The Company is targeting an increase of the Auld Creek resource to over 300,000 gold-equivalent ounces by the end of 2025. This target is a global estimate based on current resource surface extension of 350 metres being extended over a 1km on surface at similar depths of 280 metres. Insufficient exploration to define a mineral resource has been completed to date and there is uncertainty if a mineral resource estimate will be delineated, therefore economic decisions should not be made on this target.

Auld Creek is situated between two past producing mines, Globe Progress mine, and the Crushington Group of mines which collectively produced 933,000oz at 14.0g/t Au (Barry 1993).

Cumberland: Initial drilling from Rua Gold confirms the consistency of the near-surface gold mineralization and supports the strong potential of this target. Ongoing drilling is targeting the southern surface extension 100m along strike and at depth. Intensified surface exploration is underway to delineate additional drill targets along the 2.5 km long gold mineralized shear zone.

Additional targets are currently being modelled and surveyed across the Reefton Goldfield, including Caledonia in the north, and Alexander River in the south. Caledonia represents a historical mine recording the highest grade production (9 oz/ton gold) in the Reefton Goldfield. It was abandoned early and represents a shallow development target.

"The first crushing yielded at the rate of 9 oz. per ton, with subsequent crushings averaging about 4 oz. per ton. The ore-shoot had a steep easterly dip, and pitched to the north at about 30°. It had an average length of about 180 ft. and a width of 3 ft." * Henderson 1917.

Alexander River returned historical production of 41Koz @ 26g/t Au, mining ceasing in 1942 due to WWII. Mineralization outcrops over 1.2kms, comprises high-grade quartz reefs and disseminated sulfides; predecessor Siren Gold drilled extensively along the structure, and intersected some exceptionally high-grade zones which remain open at depth (Figure 2 Alexander River long-section schematic).

An Inferred Resource 130koz @ 4.1g/t Au* has potential to develop along strike and at depth, remodeling and further drilling is a priority of the strategic plan.

*NI 43 101 Technical Report on the Reefton Project, New Zealand. Prepared for Rua Gold Inc, 30 October 2024.

Glamorgan Exploration Overview

Glamorgan on the North Island is an exciting new epithermal gold target. Rua Gold has completed extensive surface exploration over the past 12 months as a precursor to drill targeting. Four significant gold-arsenic soil anomalies trending north, north-east and north-northwest strike out individually over 4 kms in length. Drill applications have now been submitted and drilling is expected to commence in Q4 2025.

Results from the work to date indicate the classic features of a major epithermal gold-silver system and are identical to the surface features of neighboring OceanaGold Project, Wharekirauponga, which is currently in New Zealand's Fast Track Permitting process with a decision expected in Q4 2025.

Importantly, Rua Gold's Chief Operating Officer, Simon Henderson was a member of the exploration team that led to the discovery of Wharekirauponga and has more the 25 years working in the region.

New Marketing Agreements

Capital Gain Media Inc.: On August 4, 2025, the Company entered into an investor relations agreement with Capital Gain Media Inc. ("Capital Gain"). Pursuant to the investor relations agreement, Capital Gain has agreed to provide content development and digital marketing services. The investor relations agreement will remain in effect for five (5) months commencing on August 4, 2025. In accordance with the terms and conditions of the investor relations agreement and as consideration for the services provided by Capital Gain, the Company agreed to pay an aggregate cash fee of US$120,000, plus applicable taxes. As of the date hereof, to the Company's knowledge, Capital Gain (including its directors and officers) does not own any securities of the Company and has an arm's-length relationship with the Company. Under the Capital Gain Agreement, the Company will not issue any securities to Capital Gain as compensation for its marketing service. Capital Gain provides investor relation services and the contact information for Capital Gain is: Capital Gain Media Inc., 1111 West Hastings Street, 15th Floor, Vancouver, BC V6E 2J3. The contact person of Capital Gain is Graham Colmer, email: admin@capitalgainmedia.com, phone: 1 (604) 379-8363.

Sidis Holdings: The Company has entered into a Services Agreement dated July 30, 2025 (the "Sidis Holdings Agreement") with Sidis Holdings pursuant to which Sidis Holdings has agreed to provide investor relations, market awareness campaigns and digital media support. Pursuant to the terms of the Sidis Holdings Agreement, such services are to be provided over a 6-month period, for a fee of US$120,000 plus applicable taxes. Sidis Holdings is a full-service marketing agency based in Hong Kong, and is headed by Francis Barker. As of the date hereof, to the Company's knowledge, Sidis Holdings (including its directors and officers) does not own any securities of the Company and has an arm's-length relationship with the Company. Under the Sidis Holdings Agreement, the Company will not issue any securities to Sidis Holdings as compensation for its marketing service.

ABOUT Rua Gold

Rua Gold is an exploration company, strategically focused on New Zealand. With decades of expertise, our team has successfully taken major discoveries into producing world-class mines across multiple continents. The team is now focused on maximizing the asset potential of Rua Gold's two highly prospective high-grade gold projects.

The Company controls the Reefton Gold District as the dominant landholder in the Reefton Goldfield on New Zealand's South Island with over 120,000 hectares of tenements, in a district that historically produced over 2Moz of gold grading between 9 and 50g/t.

The Company's Glamorgan Project solidifies Rua Gold's position as a leading high-grade gold explorer on New Zealand's North Island. This highly prospective project is located within the North Islands' Hauraki district, a region that has produced an impressive 15Moz of gold and 60Moz of silver. Glamorgan is adjacent to OceanaGold Corporation's biggest gold mining project, Wharekirauponga.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca.

TECHNICAL INFORMATION

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects and Chief Operating Officer and a director of Rua Gold, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed by running checks on the location, analytical, and test data underlying the information in the technical disclosure herein.

Rua Gold Contact

Robert Eckford
Chief Executive Officer
Email: reckford@RUAGOLD.com
Website: www.RUAGOLD.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects and the results thereof. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia-Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavorable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's short form base shelf prospectus dated July 11, 2024, and the documents incorporated by reference therein, filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/261264

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RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option

RUA GOLD Closes C$13.8 Million Brokered Offering Including the Full Exercise of Over-Allotment Option

Highlights 

  • Closing the oversubscribed brokered offering for $13.8 million of gross proceeds. 

  • Offering was completed without dilutive warrants and without a significant discount to market trading price. 

  • Incoming key long-term supportive 9.9% shareholder leading the private placement and serving as a cornerstone investor to the Rua Gold journey. 

  • Completion of this financing secures a treasury balance sufficient to fund 12 to 18 months of aggressive exploration across on the projects.

Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("Rua Gold" or the "Company") is pleased to announce that it has closed its previously announced brokered "best efforts" public offering (the "Public Offering") and private placement (the "Private Placement" and with the Public Offering, the "Offering") consisting of 19,714,450 common shares in the capital of the Company (each, a "Common Share"), which included the exercise of the over-allotment option in full, at a price of C$0.70 per Common Share for aggregate gross proceeds of C$13,800,115.

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RUA GOLD Announces Filing of Prospectus Supplement

RUA GOLD Announces Filing of Prospectus Supplement

Final Short Form Base Shelf Prospectus and Prospectus Supplement are Accessible on SEDAR+

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RUA GOLD Announces C$12 Million Brokered Offering of Common Shares

RUA GOLD Announces C$12 Million Brokered Offering of Common Shares

 Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) (" Rua Gold " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. and Red Cloud Securities Inc., to act as agents (the " Agents ") on a "best efforts" agency basis in connection with a public offering (the " Public Offering ") and contemporaneous private placement (the " Private Placement ") of 17,143,000 common shares in the capital of the Company (each, a " Common Share ") at a price of C$0.70 per Common Share (the " Offering Price ") for aggregate gross proceeds of C$12,000,100 (the " Offering "). The allocation of the number of Common Shares to be issued in connection with the Public Offering and the Private Placement will be determined prior to filing the Supplement (as defined below).

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Locksley Resources Limited  Advances Antimony Supply Strategy

Locksley Resources Limited Advances Antimony Supply Strategy

Perth, Australia (ABN Newswire) - Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is pleased to advise it has moved to secure additional beneficiated ore supply to complement development of its Desert Antimony Mine at Mojave, California. This initiative forms part of the Company's broader mine to market strategy targeting supply for the U.S. defense and energy markets, while also strengthening the commercial pathway for its DeepSolv(TM) processing technology being developed with Rice University.

Highlights

- Locksley seeks to strengthen the commercial pathways for DeepSolv(TM) processing method, by entered into a Non-Binding Heads of Agreement with EV Resources Limited (EVR) to purchase EVR's Antimony material via an Ore Sales Agreement

- Availability of 3rd party material is a key element for the development of DeepSolv(TM) and access to the USD $1bn+ domestic US Antimony market

- Expands and diversifies ore feedstock available for the processing development and downstream validation being conducted by Rice University on the DeepSolv(TM) product

- Enables Locksley to integrate both domestic ore from Mojave and additional North American supply into U.S. refining, accelerating the availability of critical materials

- Access to multiple ore supplies is complementary to the development of the Desert Antimony Mine at Mojave and advances Locksley's strategy of providing domestic security of USA antimony supply necessary for defence security

- Will provide priority access to antimony samples from EV Resources' Los Lirios operations for Rice University DeepSolv(TM) testwork, promoting a diversified and resilient North American supply chain

- Contingent on Locksley and EVR successfully negotiating a binding Antimony Ore Sales Agreement and subject to EVR shareholder approval, Locksley will make a strategic investment of A$0.75 million in EV Resources Limited (ASX:EVR)

Strategic Rationale: DeepSolv(TM) Processing Pathway

The securing of EVR beneficiated ore will underpin Locksley's ability to accelerate deployment of DeepSolv(TM), a proprietary solvometallurgical process developed with Rice University, by ensuring additional steady and diverse feedstock supply. This strengthens the Company's position to:

- Provide immediate beneficiated ore supply to complement Mojave ore and bridge U.S. requirements until domestic mining commences

- Validate the DeepSolv(TM) process across multiple ore types, ensuring resilience and efficiency in downstream refining

- Secure 3rd party material as a key element for establishing the scale of DeepSolv(TM) and access to the USD $1bn+ domestic US Antimony market

- Advance production of defense-grade and energy-grade antimony products for U.S. applications

- Demonstrate to U.S. Government stakeholders the practical delivery of non-Chinese feedstock through advanced U.S.-based processing

- Position Locksley as a leading partner in reshaping North American supply chains for critical minerals

Strategic Locksley Investment and Ore Sales Agreement

LKY and EVR have entered into a non-binding Heads of Agreement. Contingent upon LKY and EVR entering into a binding Ore Sales Agreement, and subject to EVR shareholder approval,

LKY will make a strategic investment of A$0.75 million. This agreement provides a framework for EVR to supply antimony concentrate from its Los Lirios operations to Locksley, with the following key points:

- Purpose: The Agreement sets out the non-binding commercial framework under which EVR and LKY will cooperate to establish a strategic relationship for material testwork and develop production and value creation.

- Testing and Validation: EVR will send representative samples of ore to Locksley's refining facility to test and confirm ore properties and processing viability.

- Pathway to Binding Agreement: The parties will seek to enter into a binding Ore Sales Agreement which will set out the commercial framework for a long-term supply partnership, with an initial focus on offtake to support downstream processing studies.

- Mutual Strategic Benefit: The cooperation secures a potential long-term customer for EVR's concentrate while reinforcing Locksley's access to a secure supply of antimony for its proprietary refining technology.

Pat Burke, Chairman of Locksley Resources, commented:

"This agreement potentially strengthens our mine-to-market strategy by complementing our Mojave development with additional concentrate supply from EVR. By securing nearshore feedstock alongside our fast-tracked mining plans in California, Locksley will be well positioned to accelerate the U.S. return to domestic antimony processing. With Rice University's support and the deployment of our DeepSolv(TM) technology, our pathway demonstrates that Locksley is assembling the resources, partnerships, and technology to ensure secure, scalable, and independent antimony supply for the United States."



About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (OTCMKTS:LKYRF) (FRA:X5L) is an ASX-listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development of critical minerals for U.S.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 240 claims across two contiguous prospect areas, namely, the North Block-Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials' claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic "Desert Antimony Mine", which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With surface samples grading up to 46% Sb as well as silver up to 1,022 g/t Ag, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley's North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

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Lode Gold Secures MSHA Property ID for Fremont Gold Mine; Advances Reactivation of Historic California Gold Operation

Lode Gold Secures MSHA Property ID for Fremont Gold Mine; Advances Reactivation of Historic California Gold Operation

Lode Gold Resources Inc (TSXV: LOD,OTC:LODFF) (OTCQB: LODFF) ("LOD.V" and "Lode Gold") and its wholly owned subsidiary Fremont Gold LLC ("Freemont"), have successfully completed the transfer of the Mine Safety and Health Administration ("MSHA") property MSHA individual identification number ("MIIN") for its wholly owned Pine Tree Josephine Mine.

This is a critical step toward reviving one of California's most historically significant gold operations. Fremont is now in active discussions with prospective partners and investors to align the right technical, operational, and financial resources to bring the Pine Tree Josephine Mine ("Freemont Mine") back into production in a safe, sustainable, and profitable manner.

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