Corazon Mining Limited Lists 117.86 Million New Shares on ASX Following Chalice Gold Project Acquisition

3 min read | July 03, 2026 09:45 PM AEST | By Shwetambri Chauhan

Corazon Mining Limited Lists 117.86 Million New Shares on ASX Following Chalice Gold Project Acquisition

Key Points

Company and ASX code: Corazon Mining Limited (CZN)
Major development: Quotation of 117,857,144 new ordinary shares
Important details: Issue date July 3, 2026; issue price AUD 0.14 per share
Investor focus: Potential impact of Chalice Gold Project acquisition on Corazon's growth strategy

Details of the Newly Quoted Shares

Corazon Mining Limited has secured ASX quotation for 117,857,144 ordinary fully paid shares, issued at AUD 0.14 each, with an official issue date of July 3, 2026. This milestone represents a significant component of Corazon's strategic efforts to expand its asset base.

The shares were issued pursuant to prior transactions detailed in an Appendix 3B filing. Public information has yet to clarify the immediate effect on the share price.

Acquisition of Chalice Gold Project from Westgold Resources Ltd

The new securities are directly related to Corazon's acquisition of the Chalice Gold Project from Westgold Resources Ltd, which involved issuing 47,600,000 consideration shares. This acquisition is anticipated to strengthen Corazon's exploration capabilities and broaden its resource portfolio.

Investors are evaluating how this strategic acquisition might boost Corazon's gold production potential and support its long-term expansion plans.

Broker Options Issued in Connection with Placement

Alongside the ordinary shares, Corazon Mining Limited issued 9,821,429 broker options as part of the placement process. These options serve as incentives to financial partners assisting with the placement.

The announcement did not disclose the exercise price or detailed terms of these broker options.

Effect on Issued Capital Structure

Following the new share quotation, Corazon's total issued capital now stands at 191,419,167 ordinary fully paid shares, reflecting the company’s recent strategic transactions and its commitment to growth.

In addition, Corazon holds various unquoted securities, including options and performance rights, which contribute to its overall capital management framework.

Outlook for Exploration and Development

With the Chalice Gold Project acquisition, Corazon Mining Limited is set to enhance its exploration and development activities, unlocking new resource discovery and growth opportunities.

Market participants will be attentive to how Corazon leverages this acquisition to drive growth and increase shareholder value in the near term.

Market and Investor Response

Investor sentiment and market reaction to Corazon’s announcement will be critical to watch. The company’s success in integrating the Chalice Gold Project is expected to influence stock performance.

Currently, no immediate share price impact is evident from public data, but forthcoming updates may offer greater insight.

Regulatory Compliance and Transparency

Corazon Mining Limited has complied with regulatory obligations by submitting relevant Appendices to the ASX, ensuring transparency and providing investors with essential information.

The company has pledged to keep the market updated on any further developments regarding its securities and strategic initiatives.

Next Steps for Corazon Mining Limited

Moving forward, Corazon Mining Limited plans to integrate the Chalice Gold Project into its current operations, aiming to maximize the project’s potential and deliver shareholder value.

Investors should monitor forthcoming updates on exploration outcomes, resource estimations, and potential strategic partnerships emerging from this acquisition.

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