Congratulations to Simon Lawson, Tejal Magan, David Coyne and the Spartan Resources Ltd team on its A$220m Placement.

The Placement was strongly supported by leading Australian and offshore institutional investors. Spartan’s largest shareholder, Ramelius Resources Limited, has subscribed for shares to increase its pro-forma ownership to 19.9%.

The Placement enables Spartan to accelerate production re-start activities at Dalgaranga and underpin an expanded drilling campaign across 2025/26. Upon completion of the Placement Spartan will have A$290m in cash and no debt.

Sternship Advisers is pleased to have acted as Joint Lead Manager and Bookrunner to the Placement.