Revolver Resources (ASX:RRR) Advances Copper Exploration with Promising Leach Results and Funding

Highlights

• The Dianne copper project is on track for the first copper cathode production in the second half of 2025, contingent on funding.
• Revolver is undertaking discussions to secure new funding that will accelerate exploration activities across the Osprey project.
• Follow-up exploration programs for the Larramore Volcanics Belt are currently in the planning stages.
• The company raised AUD 0.5 million by securing a 1% gross revenue royalty on the Dianne project.

Revolver Resources Holdings Limited (ASX:RRR) is focused on developing natural resources to support the world’s growing electrification needs. The company is actively focused on copper exploration in proven Australian mining jurisdictions with 100% ownership of two copper projects.

Dianne Copper Project on Track for 2025 Copper Cathode Production

In the December 2024 quarter, Revolver Resources achieved promising results at the Dianne Copper Mine project. The company received successful initial outcomes from a six-month continuous 4m column leach program, designed to simulate full-scale copper heap leach conditions for potential future processing operations. Both oxide and transition materials showed excellent results, on track to meet the targeted +85% recovery rate within the 6–9-month residence period. Notably, both material types also demonstrated good responses to enhanced leach conditions, exceeding recovery targets with a 4–5-month residence time.

As workstreams progress, Revolver is focused on advancing towards a Final Investment Decision (FID) in the coming months, with first copper cathode production expected in the second half of 2025, contingent on funding.

Funding Discussions Progress for Osprey Project

The Osprey project is advancing with the planning of an Artificial Intelligence (AI) overlay and ground-based geophysical program to refine and rank the potential of high-priority targets. Additionally, the company is undertaking discussions to secure new funding that will accelerate exploration activities across the project’s tenements.

Moving to regional exploration, follow-up exploration programs for the Larramore Volcanic Belt are currently being planned to further assess its potential.

Revolver Resources is actively engaging in broader corporate funding discussions with an AUD 3 million ATM equity facility in place which provides potential access to cost-effective standby equity capital over multiple years. Post quarter end, the company raised AUD 0.5 million in new working capital by securing a 1% gross revenue royalty on the Dianne Copper Mine project.

RRR shares traded at AU$0.033 on 7 February 2025.