Octava Minerals Ltd: Recent Developments and Financial Updates

Octava Minerals Ltd, a company specializing in exploration and mining services, has been active in the materials sector, focusing on lithium, platinum, palladium, rhodium, ruthenium, iridium, and gold projects. Based in Subiaco, Australia, the company has recently made several significant announcements.

Share Issuance and Placement

On July 30, 2025, Octava Minerals Ltd confirmed the issuance of 15,250,007 Ordinary Shares on July 29, 2025, as per a notice under Section 708A(5)(e) of the Corporations Act. These shares were issued without prior disclosure to investors under Part 6 of the Act.

In related financial news, Octava completed the first tranche of a $1.5 million placement aimed at maintaining planned exploration activities and commencing due diligence at the Federation Copper-Zinc-Silver Project. This placement is part of a broader strategy to raise funds for ongoing and future projects.

Project Developments

Octava’s portfolio includes several key projects:

• Byro: Focused on rare earth elements (REE) and lithium.
• Yallalong: Targeting antimony, gold, and nickel.
• East Kimberley: Concentrating on nickel and platinum group metals (PGMs).
• Federation: Involving copper, zinc, and silver.

Recent highlights from the company’s quarterly activities report for the period ending June 30, 2025, include:

• A binding conditional agreement for the acquisition of 100% of the shares in Magnes 25, which holds the Federation Cu-Zn-Ag Project in Western Tasmania.
• Significant mineral intersections recorded at the Sweeney’s Prospect at Federation from previous exploration drilling.

Financial Overview

As of July 27, 2025, Octava Minerals Ltd’s close price was 0.034 AUD, with a 52-week high of 0.185 AUD on December 15, 2024, and a 52-week low of 0.029 AUD on June 2, 2025. The company’s market capitalization stands at 2,440,000 AUD, with a price-to-earnings ratio of -0.868545, indicating a challenging financial performance.

Leadership and Contact Information

The company is led by Chairman Clayton Dodd, Non-Executive Directors Damon O’Meara and Feiyu Qi, and Managing Director/CEO Bevan Wakelam. The office is located at 159 Stirling Highway, Nedlands, WA, 6009, and can be contacted via info@octavaminerals.com .

These developments reflect Octava Minerals Ltd’s ongoing efforts to expand its project portfolio and secure funding for future exploration and development activities.