Highlights

  • Great Southern Copper raises GBP 2.5M through private placing to fund Chile exploration programmes.
  • Funds will support drilling at Mostaza copper-silver discovery and gold porphyry targets at Viuda.
  • New shares and warrants issued represent 16% of current share capital, pending LSE listing.

Great Southern Copper plc (LSE:GSCU), focusing on copper, gold, and silver exploration in Chile, has raised GBP 2.5M through a private placing of new equity. The fundraising involves the issuance of 99.64 million new ordinary shares at 2.5 pence each, representing a 10% discount to the Company’s volume-weighted average share price over the previous 20 trading days.

Each new share includes half a warrant, exercisable at GBP 0.045 for 24 months following admission to the London Stock Exchange’s Main Market. The new shares represent around 16% of the Company’s current issued share capital. Admission is expected on or around 1 December 2025, at which point the total number of ordinary shares and voting rights will be 688,739,755.

Purpose of Fundraising

The funds will be used to expand ongoing exploration at the Especularita Project in Chile. Key targets include the high-grade copper-silver discovery at Mostaza, part of the Cerro Negro prospect, along with several other targets identified across the concessions, such as a gold porphyry at Viuda and copper porphyry targets associated with the Colorada lithocap.

The Company currently operates three drill rigs at the Cerro Negro prospect as part of its Phase III exploration programme. The raised funds are aimed at supporting these drilling activities and testing additional prospects across the wider project area.

Share Capital and Voting Rights

Following the admission of the new shares, shareholders can use the total share count of 688,739,755 to calculate whether they need to notify changes in their holdings under the FCA’s Disclosure and Transparency Rules. The new shares will rank pari passu with existing ordinary shares in all respects.

Share Price Snapshot

GSCU was trading 2.45% lower at GBX 2.80 per share as of 20 November 2025.