Weekly Wrap: ASX Climbs on Santa Rally as Miners and Gold Stocks Lead Gains

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

THIS IS AN ANNOUNCEMENT OF A POSSIBLE OFFER UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

12th December 2025

Joint Statement Regarding a Revised Possible Offer for SolGold Plc ("SolGold") by Jiangxi Copper (Hong Kong) Investment Company Limited

The boards of directors of SolGold plc ("SolGold") and Jiangxi Copper (Hong Kong) Investment Company Limited, for and on behalf of Jiangxi Copper Company Limited ("JCC") are pleased to announce that JCC has made a revised non-binding indicative cash offer for the entire issued and to be issued share capital of SolGold, other than the shares already owned by JCC (the "Revised Possible Offer") at a price of:

28 pence in cash per SolGold share (the "Revised Possible Offer Price")

The board of directors of SolGold has indicated to JCC that it would be minded to recommend that SolGold shareholders vote in favour of the Revised Possible Offer, should a firm intention to make an offer on the same terms as the Revised Possible Offer be announced in accordance with Rule 2.7 of the Code.

The Revised Possible Offer Price values the entire issued and to be issued ordinary share capital of SolGold at approximately £842 million and represents:

·      a premium of c.42.9% to the closing price of 19.6 pence per SolGold share on 19 November 2025, being the last business day prior to JCC's first approach to the SolGold board;

·      a premium of c.58.5% to the volume weighted average share price of c.17.6 pence per SolGold share over the three months to 27 November 2025, being the last business day prior to the announcement by SolGold of JCC's initial proposal;

·      a premium of c.136% to the volume weighted average share price of c.11.8 pence per SolGold share over the twelve months to 27 November 2025; and

·      a premium of c.7.1% to the closing price of c.26.2 pence per SolGold share on 27 November 2025, following a 33.4% increase in the SolGold share price since 19 November 2025.

Shareholder support for the Revised Possible Offer

BHP Billiton Holdings Limited, a wholly-owned subsidiary of BHP Group Limited, has provided a non-binding letter of intent to JCC on 11 December 2025 indicating its current support of the Revised Possible Offer at the Revised Possible Offer Price over its holding of 310,965,736 SolGold shares, representing 10.3% of the voting rights of SolGold (the "BHP Letter of Intent").

Newmont Corporation has provided a letter of intent to JCC in support of the Revised Possible Offer over its holding of 309,309,996 SolGold shares, representing 10.3% of the voting rights of SolGold (the "Newmont Letter of Intent").

Maxit Capital LP and its affiliates have provided a letter of intent to JCC in support of the Revised Possible Offer over its holding of 153,366,663 SolGold shares, representing 5.1% of the voting rights of SolGold (the "Maxit Letter of Intent").

Nicholas Mather has provided a letter of intent to JCC in support of the Revised Possible Offer over his total direct and indirect personal shareholding, of 84,249,282 SolGold shares, representing 2.8% of the voting rights of SolGold (the "Nicholas Mather Letter of Intent").

JCC has been a significant shareholder in SolGold since December 2022 and owns 365,757,587 SolGold shares, representing c.12.2% of the issued share capital of SolGold which, together with the BHP Letter of Intent,  Newmont Letter of Intent, Maxit Letter of Intent and Nicholas Mather Letter of Intent, in support of the Revised Possible Offer, represents 40.7% of the issued share capital of SolGold.

Views of the SolGold Board

The board of directors of SolGold has indicated to JCC that, should a firm intention to make an offer on the same terms as the Revised Possible Offer be announced in accordance with Rule 2.7 of the Code, it would be minded to recommend such offer to SolGold shareholders.

Additional Information

Offer structure

It is intended that the Revised Possible Offer, if made, would be implemented by way of a recommended scheme of arrangement under Part 26 of the Companies Act 2006 pursuant to which JCC would acquire the entire issued and to be issued share capital of SolGold, other than the shares already owned by JCC, at the Revised Possible Offer Price. However, JCC reserves the right, with the consent of the Panel (if required), to elect to implement the Revised Possible Offer by way of a contractual offer within the meaning of Section 974 of the Companies Act 2006.

Pre-conditions to the announcement of a firm intention to make an offer

In addition to the satisfaction or waiver of certain customary pre-conditions, including the finalisation of definitive transaction documentation, JCC is required to complete the PRC outbound direct investment clearance process (the "ODI Approval") in respect of the Revised Possible Offer. JCC has already commenced the process of obtaining the ODI Approval. The ODI Approval pre-condition cannot be waived.

Financing of the Revised Possible Offer

The cash consideration for the Revised Possible Offer, if made, would be fully funded by a combination of JCC's existing cash resources and a committed bank facility.

Other additional information

This announcement has been made with the consent of JCC. There can be no certainty that an offer will be made. A further announcement will be made as appropriate.

Pursuant to Rule 2.5 of the Code, JCC reserves the right to make an offer for SolGold on less favourable terms than those set out in this announcement:

(i)   with the agreement or recommendation of the SolGold Board;

(ii)   if a third party announces a firm intention to make an offer for SolGold which, at that date, is of a value less than the value implied by the Revised Possible Offer; or

(iii)  following the announcement by SolGold of a Rule 9 waiver transaction pursuant to the Code.

JCC reserves the right to reduce the terms of the Revised Possible Offer to take account of the value of any dividend or other distribution which is announced, declared, made or paid by SolGold after the date of this announcement.

In accordance with Rule 2.6(a) of the Code, by not later than 5.00 pm on 26 December 2025, JCC must either announce a firm intention to make an offer for SolGold in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer for SolGold, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Code.

For further information please contact:

Enquiries

Norton Rose Fulbright LLP and Norton Rose Fulbright Canada LLP are acting as legal advisers to JCC. Fasken Martineau LLP is acting as legal adviser to SolGold plc.

Notice related to financial advisers

RBC Europe Limited (trading as RBC Capital Markets) which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority in the United Kingdom, is acting for SolGold and no one else in connection with the matters referred to in this announcement and will not be responsible to anyone other than SolGold for providing the protections afforded to clients of RBC Capital Markets, or for providing advice in connection with matters referred to in this announcement.

Maxit Capital LP ("Maxit"), which is an international financial adviser operating from outside of the United Kingdom and is not authorised in the United Kingdom, is acting exclusively for SolGold and for no one else in connection with the matters referred to in this announcement. Maxit will not be responsible to any person other than SolGold for providing the protections afforded to clients of Maxit, nor for providing advice in relation to any matters referred to herein. Neither Maxit nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Maxit in connection with this announcement, any statement contained herein or otherwise.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the FCA, is acting as corporate broker exclusively for SolGold and for no one else in connection with the Proposal and will not regard any other person as its client in relation to the matters referred to in this announcement and will not be responsible to anyone other than SolGold for providing the protections afforded to clients of Canaccord Genuity Limited, nor for providing advice in relation to the Proposal or any other matter referred to in this announcement.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated by the Financial Conduct Authority in the UK, is acting exclusively for JCC and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than JCC for providing the protections afforded to clients of Peel Hunt nor for providing advice in connection with the matters referred to herein. Neither Peel Hunt nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Peel Hunt in connection with this announcement, any statement contained herein or otherwise.

Admiralty Harbour Capital Limited ("Admiralty Harbour"), which is licensed and regulated by the Hong Kong Securities and Futures Commission, is acting exclusively for JCC and no one else in connection with the matters described in this announcement and will not be responsible to anyone other than JCC for providing the protections afforded to clients of Admiralty Harbour nor for providing advice in connection with the matters referred to herein. Neither Admiralty Harbour nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Admiralty Harbour in connection with this announcement, any statement contained herein or otherwise.

Further information

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities, or the solicitation of any vote or approval in any jurisdiction, pursuant to this announcement or otherwise. Any offer, if made, will be made solely by certain offer documentation which will contain the full terms and conditions of any offer, including details of how it may be accepted. The distribution of this announcement in jurisdictions other than the United Kingdom and the availability of any offer to shareholders of SolGold who are not resident in the United Kingdom may be affected by the laws of relevant jurisdictions. Therefore any persons who are subject to the laws of any jurisdiction other than the United Kingdom or shareholders of SolGold who are not resident in the United Kingdom will need to inform themselves about, and observe any applicable requirements.

Market Abuse Regulations

The information contained within this announcement would have, prior to its release, constituted inside information as stipulated under Article 7 of the Market Abuse Regulations (EU) No.596/2014 as incorporated into UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (together, "UK MAR"). Upon the publication of this announcement via a regulatory information service, this inside information will be considered to be in the public domain. For the purposes of UK MAR, the person responsible for arranging for the release of this information on behalf of SolGold is Dan Vujcic, Chief Executive Officer.

Publication on website

In accordance with Rule 26.1 of the Code, a copy of this announcement, the BHP Letter of Intent, the Newmont Letter of Intent, the Maxit Letter of Intent and the Nicholas Mather Letter of Intent will be available on the website of SolGold at www.solgold.com, and of JCC at https://en.jxcc.com/ promptly and by no later than 12 noon (London time) on the business day following this announcement. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.  END  OFDPKBBQOBDKPBD

VANCOUVER, BC, Dec. 12, 2025 /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that, further to its news release dated December 8, 2025, it has completed its acquisition of a royalty (the "Royalty") on the Pedra Branca operating copper and gold mine ("Pedra Branca"), currently owned and operated by a subsidiary of BHP Group Limited (the "Transaction").

The Royalty consists of a 25% NSR on gold and a 2% NSR on copper and other products produced from the Pedra Branca mine, comprising the Pedra Branca West and Pedra Branca East areas, and the former Antas North mine which has been fully depleted.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

View original content:https://www.prnewswire.com/news-releases/gold-royalty-completes-pedra-branca-royalty-acquisition-302640000.html

SOURCE Gold Royalty Corp.

Drilling at El Pantano in Argentina hits mineral system

• Assays for five holes from the Pepas resource drilling program, including:

  • PEP067 - 83.7m @ 4.29g/t Au from surface

• Resource modelling and NI43-101 report process under way

• First holes from El Pantano drilling program confirm a low sulphidation epithermal mineral system - awaiting assays.

LONDON, GB / ACCESS Newswire / December 12, 2025 / Orosur Mining Inc. ("Orosur" or the "Company") (AIM:OMI), is pleased to announce an update on the progress of exploration activities at the Company's exploration projects at Anzá in Colombia ("Anzá) and El Pantano in Argentina ("El Pantano").

Anzá - Colombia

The Anzá Project in Colombia comprises a number of granted exploration titles and applications totalling roughly 330km2, within the Mid-Cauca gold belt, west of the city of Medellin.

These titles and applications are owned by two Colombian companies, Minera Anzá, and Minera Monte Aguila, both of which are wholly owned subsidiaries of the Company. The latter of these was acquired by Orosur in November 2024 from the Company's previous JV partners, Newmont Mining and Agnico Eagle Mines. Orosur thus owns 100% of the Anzá Project.

Since acquiring 100% control, the Company has focussed its attention on three prospects:

• Pepas - a shallow, high-grade body of gold mineralisation that the Company is endeavouring to move to an initial Mineral Resource Estimate ('MRE') in the near term.

• APTA - a high-grade body of gold mineralisation that has to date seen 38,000m of drilling, but is not yet sufficiently understood geologically to allow a MRE to be calculated. The Company plans to undertake additional drilling at APTA in 2026, with the objective of advancing it toward an MRE.

• El Cedro - a large gold porphyry system in the south of the Project area. The Company has completed a large soil sampling program and plans to undertake a maiden drill program here in early 2026.

Figure 1. Anzá Project

As announced on 14th July 2025, the Company had taken the formal decision to commence infill drilling at its Pepas gold prospect at Anzá, with the objective of moving Pepas to a NI43-101 compliant Mineral Resource Estimate as quickly as possible.

The Company's external geological and resource consultants visited the Anza site at the start of November to carry out the necessary QAQC verification of drilling and sampling and to work with the Orosur geological team in the development of a new NI43-101 technical report for the Anza project, which will include a MRE for the Pepas Prospect.

One outcome of this visit was the recommendation by the consultants for an extension of the final stages of the MRE drill-out program, with several additional holes within and outside the Pepas deposit to define the boundaries of the current deposit envelope and obtain a better understanding of the size and controls of previously defined high-grade zones.

Holes drilled outside the deposit envelope have returned the lower grade halo mineralisation as expected and have provided valuable information as to the nature of the some of the controlling structures of Pepas. The one hole of this current batch drilled inside the deposit envelope (PEP-067) returned a result of 83.7m @ 4.29g/t Au from surface.

Table 1. Latest drill Intercepts, Pepas Prospect

Figure 2. Plan of holes

Figure 3. Section, PEP067

It is expected that the Pepas drill-out program will continue for the next few days and the resulting MRE and technical report can then be completed during January 2026.

Metallurgy

As part of the MRE process, a large diameter PQ drill hole was completed specifically to provide sufficient material for a comprehensive metallurgical testing program. These samples have been sent to the metallurgical testing facility of ALS Global in British Columbia, where the work is now well advanced. It is hoped this program may be completed by the end of the year and thus feed into the Technical Report and MRE.

Wider Exploration - Anza

The Company had previously announced that it had planned to undertake a detailed airborne magnetic survey over the EL Cedro and APTA prospects in December, as a tool to provide additional guidance for drilling in early 2026. The Company is engaging with contractors to commission the survey.

Mapping, sampling and trenching is also underway in the environs of the Pepas deposit, as part of an ongoing program to explore for extensions and/or repetitions of Pepas. Once the current resource drilling program is completed in coming weeks, it is likely the rig will be shifted to targets being developed around Pepas.

El Pantano - Argentina

The El Pantano Project is an early-stage gold/silver exploration project in Santa Cruz province, southern Argentina.

The Project comprises approximately 550km2 of contiguous granted licences in the prolific Deseado Massif of Santa Cruz Province, roughly 45km from Anglo Gold's Cerro Vanguardia mining camp and 90km SE of Newmont Mining's giant Cerro Negro mine.

El Pantano is subject to an Exploration & Joint Venture ("JV") agreement ("Agreement") with private Argentinean company Deseado Dorado S.A.S and its shareholders ("Deseado"), the details of which were announced on February 15th 2022.

The Company currently owns 51% of El Pantano, having met its obligation to spend US$1m in exploration expenditure by February 2025. The Company is now in Phase 2 of the joint venture, whereby it may earn an additional 49% equity in the project (taking the Company to 100% ownership) by investing US$2m in the two years to February 2027. Upon such an event, the original vendors would retain a 2% NSR royalty, 1% of which the Company could purchase for US$1m at its discretion.

Following several years of surface field work, the Company commenced the first phase of drilling ever undertaken within the project area in early November 2025. Between 3,000-4,000m is planned across the breadth of the project area as a reconnaissance program designed to address a number of geological questions:

• Test sources of geochemical anomalism

• Assess a variety of Induced Polarisation responses

• Intersect, if possible, mineralised structures indicative of the low sulphidation epithermal model being postulated at El Pantano

• Gain understanding of the vertical variations in the system, especially in relation to the potential for fluid boiling.

In a general sense, the broad objective of the program is to determine if a mineral system is present at El Pantano, and if so, develop exploration plans for further work.

Figure 4. El Pantano geology and geochemistry

Samples from the El Pantano project are sent to the preparation facility and fire assay laboratory of Alex Stewart Laboratories in Perito Moreno to be assayed for gold. Pulps are then sent to the larger Alex Stewart facility in Mendoza for multi-element analysis.

To date, seven holes have been completed with samples from the first five submitted to the laboratory in Perito Moreno for fire assay gold analysis, to be followed by multi- element analysis, including silver, from the Mendoza facility.

Visually, several of the holes have intersected extremely encouraging structures showing textures and mineralogy consistent with what is seen in other low sulphidation epithermal systems in the region. In particular, the presence of colloform banding in several intersected narrow veins is a key indicator often seen in the core of low sulphidation epithermal systems.

Preliminary interpretation would suggest that vein textures are indicative of lower temperatures, albeit with some examples of higher temperature overprinting. This would suggest that current drilling is still higher in the system, above the boiling zone.

Fig 5. Colloform banding, El Pantano

The Company is confident that it has achieved its general objective of proving the existence of a substantial mineral system. This is an extremely positive and unusual result for the first drilling program on a grass roots project. The challenge, however, is identifying where, within the mineral system, economic widths and grades may have been deposited.

Drilling is progressing faster than anticipated and thus it is planned that this program will be completed toward the end of January 2026. Once complete, all new and historical data will be compiled as the key component to a targeting program that will develop the next phase of work.

Orosur CEO Brad George commented:

"Pepas is now in the final mile of its MRE process and the pieces are coming together for a January report. In the meantime, we are lining up targets for when the rig is freed up later in December. Drilling at El Pantano, as with any undrilled project, was high risk, but we have hit what we hoped to hit - a previously unknown mineral system. Now we need to focus in, and given the scale of the system, that is a challenge....but a good challenge".

For further information, visit www.orosur.ca, follow on X @orosurm or please contact:

Orosur Mining Inc

Louis Castro, Chairman,

Brad George, CEO

info@orosur.ca

Tel: +1 (778) 373-0100

SP Angel Corporate Finance LLP - Nomad & Joint Broker

Jeff Keating / Jen Clarke / Devik Mehta

Tel: +44 (0) 20 3470 0470

Turner Pope Investments (TPI) Ltd - Joint Broker

Andy Thacker/Guy McDougall

Tel: +44 (0)20 3657 0050

Flagstaff Communications and Investor Communications

Tim Thompson

Mark Edwards

Fergus Mellon

orosur@flagstaffcomms.com

Tel: +44 (0)207 129 1474

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR') which has been incorporated into UK law by the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Drill Hole Details - Pepas prospect 2022/2024 Programme*

Drill Hole Details, El Pantano Project 2025 onward

* Coordinates WGS84, UTM Zone 18

About Orosur Mining Inc.

Orosur Mining Inc. (AIM:OMI) is a minerals explorer and developer currently operating in Colombia and Argentina.

Qualified Persons Statement

The information in this news release was compiled, reviewed, verified and approved by Mr. Brad George, BSc Hons (Geology and Geophysics), MBA, Member of the Australian Institute of Geoscientists (MAIG), CEO of Orosur Mining Inc. and a qualified person as defined by National Instrument 43-101.

Orosur Mining Inc. staff follow standard operating and quality assurance procedures to ensure that sampling techniques and sample results meet international reporting standards.

Drill core is split in half over widths that vary between 0.3m and 2m, depending upon the geological domain. One half is kept on site in the Minera Anzá core storage facility in the case of the Anza Project, or on site in temporary racks in the case of the El Pantano Project, with the other sent for assay.

Industry standard QAQC protocols are put in place with approximately 10% of total submitted samples being blanks, repeats or Certified Reference Materials (CRMs).

Samples for holes PEP-001 to PEP-011 were sent to the Medellin preparation facility of ALS Colombia Ltd, and then to the ISO 9001 certified ALS Chemex laboratory in Lima, Peru.

Samples from PEP-012 onwards are sent to Medellin laboratory of Actlabs for preparation and fire assay, with some sample then sent to the Canadian Actlabs facility for multi element assay

Samples from the EL Pantano project are sent to the preparation facility and fire assay laboratory of Alex Stewart Laboratories in Perito Moreno to be assayed for gold. Pulps are then sent to the larger Alex Stewart facility in Mendoza for multi-element analysis.

30 gram nominal weight samples are then subject to fire assay and AAS analysis for gold with gravimetric re-finish for overlimit assays of >5 g/t. ICP-MS Ultra-Trace level multi-element four-acid digest analyses may also undertaken for such elements as silver, copper, lead and zinc, etc.

Gold intersections are reported using a lower cut-off of 0.3g/t Au over 3m.

Intersections are quoted as downhole thicknesses. True thicknesses are unknown.

Forward Looking Statements

All statements, other than statements of historical fact, contained in this news release constitute "forward looking statements" within the meaning of applicable securities laws, including but not limited to the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995 and are based on expectations estimates and projections as of the date of this news release.

Forward-looking statements include, without limitation, the continuing focus on the Pepas prospect, the exploration plans in Colombia and the funding of those plans, and other events or conditions that may occur in the future. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Such statements are subject to significant risks and uncertainties including, but not limited to, those described in the Section "Risks Factors" of the Company's MD&A for the year ended May 31, 2025. The Company's continuance as a going concern is dependent upon its ability to obtain adequate financing. This material uncertainty may cast significant doubt upon the Company's ability to realize its assets and discharge its liabilities in the normal course of business and accordingly the appropriateness of the use of accounting principles applicable to a going concern. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events and such forward-looking statements, except to the extent required by applicable law.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Orosur Mining Inc

View the original press release on ACCESS Newswire

CITY OF MELBOURNE (dpa-AFX) - Rio Tinto Group (RTNTF) on Friday said the Federal and New South Wales governments have begun assessing potential pathways to ensure a stable and competitively priced power supply for Tomago Aluminium - the joint venture it co-owns with CSR and Hydro Aluminium - once the smelter's current electricity agreement ends in 2028.

The company said the move follows ongoing discussions with both levels of government as it looks to plan for its long-term energy requirements once the current contract expires.

Chief Executive Officer Jerome Dozol said, 'Today's development represents a significant milestone in our ongoing engagement with many stakeholders working towards this shared goal. It reflects our collective recognition of the importance of maintaining local manufacturing capability in Australia.'

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