AUTECO MINERALS LTD(AUT)

name changed to FireFly Metals Ltd

The suspension of trading in the securities of AuTeco Minerals Limited will be lifted immediately following the release by AUT of an announcement regarding a material acquisition and associated capital raising.

The company releases an updated notice of proposed issue of securities.

The company has received firm commitments for $55 million at an issue price of 2.5c per fully paid ordinary share in its now fully underwritten two-tranche share placement. The proceeds will be used, inter alia, to fund the acquisition of the Green Bay Copper-Gold Project in Newfoundland, Canada. The acquisition comprises an upfront consideration of A$35M in cash and A$15M in shares, followed by an additional A$7.5M cash payment and A$7.5M in shares within 18 months.

AuTECO Minerals will host a live investor teleconference and webcast at 9am AWST / 11am AEST, Thursday August 31, 2023. The teleconference, which will be hosted by Chairman Ray Shorrocks and Incoming Managing Director Steve Parsons, will focus on AuTECO's agreement to acquire the Green Bay CopperGold Project in Canada.

The company releases a notice of proposed issue of securities.

The company releases a Green Bay Copper-Gold Acquisition - Investor Presentation.

AuTECO has agreed to purchase the Green Bay copper-gold project in Newfoundland, Canada. The Green Bay Cu-Au project has a Resource of 39.2Mt at 2.1% for 811,000t CuEq1, of which 68% is in the Measured and Indicated category. The project has immense potential for resource growth, with a host of outstanding intersections down plunge of the existing resource including: o 22.6m @ 4.4% Cu, 18.0m @ 4.6% Cu, 19.2m @ 10.3% Cu (all ~true width) o 102m @ 1.7% Cu true width (~460m step-out from previous hole, deepest hole drilled). The purchase comes with +A$250M of infrastructure, including an accessible decline, extensive underground development, a 650m shaft, processing plant, port infrastructure and adjacent hydro power. Green Bay was last mined in early 2023 with the operation on care and maintenance since. The transaction comprises upfront consideration of A$35M in cash and A$15M in shares, followed by an additional A$7.5M cash payment and A$7.5M in shares within 18 months. The transaction will be funded by a minimum A$50M two-tranche placement. Retail investors to have the opportunity to participate in a A$3M share purchase plan at the same price as the placement. AuTECO Board and Management will subscribe for up to A$5M of the capital raising, subject to shareholder approval. The proceeds from the placement will be used for the upfront cash consideration and to fund an accelerated resource growth program that includes plans for 700m of underground exploration development and 40,000m of drilling to commence immediately. Following their outstanding success at Bellevue Gold, the AuTECO executive team will be boosted with the appointment of Steve Parsons as Managing Director and Michael Naylor as Executive Director. Highly regarded geologist Darren Cooke to remain Chief Executive, ensuring the core strategy to grow the resource is underpinned by substantial exploration skills and experience.

The voluntary suspension extension is requested pending the release of information by the Company to the market relating to a material acquisition and associated capital raising. The Company requests that the voluntary suspension remain in place until the earlier of the commencement of normal trading on Monday, 4 September 2023 or until the release of an announcement regarding the Transaction. The Company expects to make the announcement to the market before the commencement of normal trading on Monday, 4 September 2023.

The securities of AuTeco Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUT, pending the release of an announcement in relation to a material acquisition and associated capital raising.

The suspension of trading in the securities of Auteco Minerals Ltd will be lifted from the commencement of trading today, Tuesday, 2 May 2023 following lodgement of its quarterly activities and cash flow report (Appendix 5B).

The securities of the entity will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Monday, 1 May 2023, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Friday, 28 April 2023, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The company lodges its Appendix 5B Cash Flow Report.

The company lodges its Quarterly Activities Report.

The suspension of trading in the securities of Auteco Minerals Ltd will be lifted immediately, following receipt of response to an ASX Price Query.

The company issues a response to an ASX price query.

The securities of Auteco Minerals Ltd will be suspended from quotation immediately under Listing Rule 17.2, at the request of AUT, pending the release of an announcement regarding the response to an ASX Price Query Letter.

name changed from Monax Mining Limited