Price, volume & events
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- Last 2026-10-29
- A$0.16
- 1D
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- 1M
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- Fair value
- Locked: sign in to view
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- Mkt cap
- A$203.5M
- EV
- A$176.7M
- Cash
- A$25.5M
- Debt
- A$0
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Sign in or enter a guest codeAnnouncements
Latest 12 of 25All sources ▸- Scheme Transaction UpdateTransaction
- TOV: CY5 - Panel Receives ApplicationTransaction
- Application for quotation of securities - CY5Corporate Action
- Application for quotation of securities - CY5Corporate Action
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Application for quotation of securities - CY5Corporate Action
- Cygnus enters into Scheme Implementation DeedTransaction
- Notification of cessation of securities - CY5Corporate Action
- Notification of cessation of securities - CY5Corporate Action
- Quarterly Activities/Appendix 5B Cash Flow ReportResults
- Annual Report to shareholdersResults
- BMO Global Metals Conference and PDAC Corporate PresentationPresentation
Event calendar · next 12 months
8 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Kazakhstan regulatory approval expected by 12 October 2026 | Kazakhstan regulatory approval expected by 12 October 2026 | Transaction | Company Guided | High | The remaining regulatory condition controls court timing and scheme completion. |
| Golden Eye updated resource targeted by end 2026 | Golden Eye updated resource targeted by end 2026 | Resource Or Reserve | Company Guided | High | Indicated conversion is a gate to an updated study and credible mine schedule. |
| Adjourned second court hearing on 14 October 2026 | Adjourned second court hearing on 14 October 2026 | Transaction | Confirmed | High | Court approval is required before the scheme becomes effective. |
| Indicative scheme effective date of 15 October 2026 | Indicative scheme effective date of 15 October 2026 | Transaction | Company Guided | High | Effective date would suspend CY5 trading. |
| Indicative scheme record date of 19 October 2026 | Indicative scheme record date of 19 October 2026 | Transaction | Company Guided | Medium | Record date determines scrip entitlement. |
| Indicative scheme implementation on 27 October 2026 | Indicative scheme implementation on 27 October 2026 | Transaction | Company Guided | High | CY5 holders receive the floating CAML-share consideration if the scheme completes. |
| Pontax Extension C$750,000 spend deadline on 18 November 2026 | Pontax Extension C$750,000 spend deadline on 18 November 2026 | Economic Arrangement | Confirmed | Medium | Failure to meet the condition may affect claim ownership or require cash settlement. |
| Gwillim and Copper Rand follow-up drill results | Gwillim and Copper Rand follow-up drill results | Exploration | Company Guided | Medium | Assays can support resource additions, but are not a mine plan. |
Executive roster
As of 2026-09-26Background checks ▸2025 annual report roster reconciled to current issuer corporate page and September issuer releases; excludes non-executive directors.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| David Southam | Executive Chair | Executive Director · Senior Management | — | Annual Report to shareholders · Cygnus Metals corporate team |
| Nicholas Kwong | President and Chief Executive Officer | Chief Executive · Senior Management | 2025-12-15 | Annual Report to shareholders · Cygnus Metals corporate team |
| Duncan Grieve | Vice President of Exploration and Corporate Development | Technical · Senior Management | — | Annual Report to shareholders · Cygnus Metals corporate team |
| Carl Travaglini | Chief Financial Officer · Joint Company Secretary | Finance · Company Secretary | — | Annual Report to shareholders · Cygnus Metals corporate team |
| Maddison Cramer | Joint Company Secretary | Company Secretary | 2022-11-01 | Annual Report to shareholders · Cygnus Metals corporate team |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Chibougamau Copper-Gold Project
Canada
Scoping Study Developer100% ownedCopperGoldSilver
100%-owned core Chibougamau hub, excluding separately tracked 50:50 Gwillim joint venture land; 900 ktpa mill is on care and maintenance and a current mining study is delayed.
Project location
Site imagery
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Published study economicsIssuer or study metrics
No numeric study economics were published.
Cygnus does not disclose the historic PEA production target or forecast financial information, and no current replacement study was available at cutoff.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Measured and Indicated | 6.4M tonnes | 2.3% Cu, 0.8 g/t Au, 7.6 g/t Ag; 3.0% CuEq | Copper · Gold · Silver | 2025-09-16 |
| Mineral Resource | Inferred | 8.5M tonnes | 2.1% Cu, 1.7 g/t Au, 7.9 g/t Ag; 3.5% CuEq | Copper · Gold · Silver | 2025-09-16 |
Tenements2
Milestones2
- Updated Golden Eye resource after infill drilling
Pending · High materiality
- Updated scoping study / PEA
Delayed · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Development environmental and operating approvals | Quebec, Canada | Pending | — | Yes |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| Doré Copper 2022 preliminary economic assessment | Scoping Study | Superseded | 2022-05-10 | Historic PEA is not reproduced by Cygnus because its mining inventory relied materially on Inferred Resources; an updated study remains delayed. |
Other
Pontax Lithium Project
Canada
Resource Stage51% ownedLithium
51% current interest under Stria earn-in; conditional 19% increase to 70% requires C$2m exploration spend and C$3m payment by October 2027. Pontax Extension claims have a separate C$750k spend milestone by 18 November 2026.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred | 10.1M tonnes | 1.04% Li2O | Lithium | 2023-08-14 |
Milestones1
- Pontax Extension remaining C$750k spend milestone
Pending · Medium materiality
Other
Auclair, Beryl and Sakami Lithium Projects
Canada
Early Explorer100% ownedLithium
Early-stage James Bay lithium exploration package; final acquisition consideration shares for Sakami and Beryl were issued in June 2026.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Bencubbin Project
Australia
Early Explorer100% ownedGoldCopperNickelRare Earths
Western Australian early-stage polymetallic exploration tenure retained outside the core Quebec development focus.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Gwillim Gold Joint Venture
Canada
Discovery Drill Stage50% ownedGold
50:50 joint venture land with Alamos Gold; partner co-funds initial drilling. The eastern claims are wholly owned but excluded from the 50:50 option calibration.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements1
Milestones1
- Gwillim follow-up assays and resource work
Pending · Medium materiality
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
June 30 reviewed cash of A$25.521m, no drawn borrowing in the Appendix 5B and 4.02 quarters of issuer-calculated runway; future development capital is unquantified and the proposed CAML scheme remains conditional.
Inventory composition1
No saleable mineral inventory identified; the listed Stria stake was carried at A$1.309m on 30 June 2026.
- 1.65 million listed Stria Lithium shares
- A$1.3M carrying · 1,650,000 Stria shares
Capital structure
Ownership and dilution
- Ordinary shares
- 1.3B
- Fully diluted
- 1.3B
July 20 ordinary balance 1,227,592,052 plus September issues of 9,603,413, 10,333,333, 24,144,665 and 188,623 gives 1,271,862,086. Remaining 10,831,821 options and 37,052,501 performance rights yield 1,319,746,408 fully diluted equivalents. September 15 gross rights exceeded shares issued by 79,958 because of net settlement; no unissued rights were counted twice.
Security classes8
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Option expiring 26-Sep-2026, exercise CAD 0.0574 | Option | 34.3K | A$0.057 | 2026-09-26 |
| Option expiring 12-May-2027, exercise CAD 0.3225 | Option | 1M | A$0.322 | 2027-05-12 |
| Option expiring 13-Jun-2027, exercise CAD 0.3006 | Option | 109.8K | A$0.301 | 2027-06-13 |
| Option expiring 12-May-2028, exercise CAD 0.1093 | Option | 1.2M | A$0.109 | 2028-05-12 |
| Option expiring 19-Apr-2029, exercise CAD 0.0547 | Option | 6.5M | A$0.055 | 2029-04-19 |
| Option expiring 16-Sep-2029, exercise CAD 0.0574 | Option | 103K | A$0.057 | 2029-09-16 |
| Option expiring 19-Aug-2027, exercise CAD 0.2241 | Option | 1.8M | A$0.224 | 2027-08-19 |
| Performance rights | Performance Right | 37.1M | A$0 | — |
KPI history
Operating metrics
Operating metric source table3
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Other | Company | quarter ended 30 June 2026 | Quarter | 6,342,000 AUD | Reported |
| Other | Company | six months ended 30 June 2026 | Half Year | -4,652,294 AUD loss after tax | Reported |
| Revenue | Company | six months ended 30 June 2026 | Half Year | 0 AUD external customer sales | Reported |
Company guidance2
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Updated Scoping Study / Pea Completion | chibougamau | after the September 2026 scheme meeting | — | — date not provided | Withdrawn |
| Golden Eye Updated Mineral Resource | chibougamau | by end of 2026 | — | — resource update | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-06-15 | RaisingFully Paid Ordinary Shares | A$194.2K | 1M | A$0.185 | Completed | Final non-cash consideration for the Sakami and Beryl acquisitions after shareholder approval.Max 1M · Period 2026-06-15 to 2026-06-15 · Holder approval required |
| 2026-03-20Ann. 2026-03-11 | RaisingFully Paid Ordinary Shares | A$25M | 156.2M | A$0.16 | Completed | A$25 million placement completed through issue of 156.25 million ordinary shares at A$0.16.Max 156.2M · Period 2026-03-11 to 2026-03-20 |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Annual-report note 18 and later quarterly/transaction filings; no commodity or FX hedges were disclosed.
Cygnus receives 51% of Pontax currently; moving to 70% requires remaining spend and payment, so the additional interest is conditional.
Earn In · Active- Counterparties
- Stria Lithium Inc.
- Applies to
- Pontax Lithium Project · Lithium
- Economic direction
- Mixed
- Period
- 2025-04-02 to 2027-10-31
- Key terms
- current interest: 51 %
additional interest conditional: 19 %
remaining exploration spend: 2,000,000 CAD
cash payment to Stria: 3,000,000 CAD
How it affects our valuation
No valuation treatment is available for this arrangement.
Separate Pontax Extension claims are subject to a remaining spend condition; the tenure ledger describes the relevant vendor-held portion as earning up to 100%.
Earn In · Active- Counterparties
- Canadian Mining House
- Applies to
- Pontax Lithium Project · Lithium
- Economic direction
- Mixed
- Period
- Through 2026-11-18; start date not stated
- Key terms
- remaining exploration spend: 750,000 CAD
How it affects our valuation
No valuation treatment is available for this arrangement.
Gwillim joint venture land is held 50:50, and Alamos co-funds the initial drilling programme.
Joint Venture · Active- Counterparties
- Alamos Gold
- Applies to
- Gwillim Gold Joint Venture · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Cygnus interest: 50 %
Alamos interest: 50 %
initial drilling co-funding: 50 %
How it affects our valuation
No valuation treatment is available for this arrangement.
A WA farm-out register reports Cygnus holding 20%, diluting to 10%, on E70/4787, E70/5131 and E70/6058; economic terms and partner are not disclosed in selected filings.
Farm Out · Active- Counterparties
- Counterparty not named in quarterly tenement table
- Applies to
- Bencubbin Project
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- retained interest: 20 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Conditional all-scrip acquisition of every CY5 ordinary share; consideration floats with CAML price and GBP/AUD, with Kazakhstan clearance and court approval outstanding.
Other · Conditional- Counterparties
- Central Asia Metals PLC
- Applies to
- Company-wide
- Economic direction
- Benefit
- Period
- From 2026-06-02; no end date stated
- Key terms
- exchange ratio: 0.06 CAML shares per CY5 share
Cygnus shares acquired: 100 %
revised implementation date: 2026-10-27 date
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Evidence is limited to the issuer’s disclosed roster and selected filings. The available material does not support a complete assessment of each executive’s professional record; individual reports state specific gaps.
Decision-relevant facts
Material summary
David Southam
Executive Chair
Company SuccessIssuer Reported · Medium materiality
Mincor returned to nickel production during Southam’s tenure
The Cygnus appointment filing states Southam was appointed Mincor Managing Director in 2019 and led its return to Australian nickel production over the following three years, including discovery, studies, financing and construction. This is a company-reported attribution; the cited filing provides no independent performance evaluation.
Individual involvement documented · The appointment announcement expressly attributes the leadership role to Southam, but remains an issuer statement.
David Southam appointed Managing Director · Appointment announcement, Mincor experience paragraph
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
Nicholas Kwong
President and Chief Executive Officer
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
Duncan Grieve
Vice President of Exploration and Corporate Development
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
Carl Travaglini
Chief Financial Officer / Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Prior roles, exact tenure, education and professional qualifications are not established by the selected evidence.
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
Maddison Cramer
Joint Company Secretary
No supported material findings selected. See this executive’s report and evidence gaps.
Evidence gaps · 2
- Targeted independent searches of regulator, court, safety and environmental records were not completed for this individual; the logged source review does not support a clearance conclusion.
- Issuer biography identifies former Bellevue Gold company secretary and prior legal associate roles at Bellanhouse Legal and HWL Ebsworth but does not give exact dates, qualifications or attributable outcomes; independent admission checks were not conducted.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-03-27 · 1,220,913,340 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 25.36% | 309,661,190 | |
| 2 | 18.15% | 221,570,531 | |
| 3 | 5.01% | 61,128,673 | |
| 4 | 4.08% | 49,859,375 | |
| 5 | 3.57% | 43,636,845 | |
| 6 | 3.08% | 37,627,992 | |
| 7 | 1.64% | 20,000,000 | |
| 8 | 1.35% | 16,500,000 | |
| 9 | 1.18% | 14,373,017 | |
| 10 | 1.14% | 13,865,861 | |
| 11 | 0.84% | 10,311,382 | |
| 12 | 0.82% | 10,064,679 | |
| 13 | 0.70% | 8,500,000 | |
| 14 | 0.70% | 8,494,553 | |
| 15 | 0.62% | 7,559,199 | |
| 16 | 0.59% | 7,142,858 | |
| 17 | 0.52% | 6,353,785 | |
| 18 | 0.45% | 5,460,166 | |
| 19 | 0.42% | 5,092,691 | |
| 20 | 0.39% | 4,757,893 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 12.80%Issued shares | 2026-03-27 | |
| 12.40%Issued shares | 2026-03-27 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- The top-20 list is dated 27 March 2026; later substantial-holder notices are shown separately and do not update registered accounts.
- The report contains a mislabeled line “Total Shares on Issue 358,952,650” beneath the top-20 table, but its distribution schedule totals 1,220,913,340 and the top-20 percentages use that denominator; 1,220,913,340 is used.
- UBS ceased to be substantial on 29 September 2026; the cessation notice does not establish zero holdings.
Sources
- Annual Report to shareholders
ASX announcement / Cygnus Metals Limited · Published 2026-03-30 · Accessed 2026-10-09
Shareholder information as at 27 March 2026; distribution schedule reports 1,220,913,340 ordinary shares.
page 100, top 20 and substantial holders, local copy downloads/CY5/2026/2026-03-30_Annual Report to shareholders.pdf
- Becoming a substantial holder
ASX announcement / Cygnus Metals Limited · Published 2026-08-31 · Accessed 2026-10-09
UBS Group AG and related bodies reported 62,644,963 shares and 5.10% voting power after becoming substantial on 27 August 2026.
Form 603, sections 1–2, local copy downloads/CY5/2026/2026-08-31_Becoming a substantial holder_739efc0843d85cd3.pdf
- Ceasing to be a substantial holder
ASX announcement / Cygnus Metals Limited · Published 2026-10-01 · Accessed 2026-10-09
UBS Group AG and related bodies ceased to be substantial on 29 September 2026; no current quantity reported.
Form 605, local copy downloads/CY5/2026/2026-10-01_Ceasing to be a substantial holder_459f38f44979a67b.pdf
Disclosed activity
Insider transactions
Trading activity1 buy · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-04-22 | Mario Stifano
Details & evidence for Mario Stifano on 2026-04-22Notice reports the expiry on 23 Apr; option expiry terms specify 22 Apr 2026. As disclosed: Expiry of 329,346 unlisted options.
director · Start not disclosed Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | ExpiryUnlisted options, exercise price C$0.6012, expiry 2026-04-22 | 329,346 | —Not Disclosed | — | 0 |
| 2026-04-22 | Ernest Mast
Details & evidence for Ernest Mast on 2026-04-22Notice reports the expiry on 23 Apr; option expiry terms specify 22 Apr 2026. Same Ernest form is duplicated on pp. 1–4 and counted once. As disclosed: Expiry of 576,355 unlisted options.
director · Start not disclosed Change of Director's Interest Notice x 3 ↗ Change of Director's Interest Notice x 3 ↗ | ExpiryUnlisted options, exercise price C$0.6012, expiry 2026-04-22 | 576,355 | —Not Disclosed | — | 0 |
| 2026-01-12 | David SouthamLynnette Edwards
Details & evidence for David Southam on 2026-01-12Indirect interest reported through spouse Lynnette Edwards. Lapse resulted from applicable vesting condition not being satisfied. As disclosed: Lapse of 1,059,603 Class Y performance rights.
director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | ExpiryClass Y performance rights, expiry 2028-09-05 | 1,059,603 | —Not Disclosed | — | 0 |
| 2025-12-15 | Ernest Mast
Details & evidence for Ernest Mast on 2025-12-15Voluntarily forfeited by mutual agreement following change of role from Managing Director to Non-Executive Director. As disclosed: 3,000,000 Class AC performance rights, expiry 2030-05-31 voluntarily forfeited.
director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | CancellationClass AC performance rights, expiry 2030-05-31 | 3,000,000 | —Non Cash | — | 1,000,000 |
| 2025-12-15 | Ernest Mast
Details & evidence for Ernest Mast on 2025-12-15Voluntarily forfeited by mutual agreement following change of role from Managing Director to Non-Executive Director. As disclosed: 3,000,000 Class AB performance rights, expiry 2030-05-31 voluntarily forfeited.
director · Start not disclosed Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | CancellationClass AB performance rights, expiry 2030-05-31 | 3,000,000 | —Non Cash | — | 1,000,000 |
| 2025-08-27 | Raymond ShorrocksSpring Street Holdings Pty Ltd
Details & evidence for Raymond Shorrocks on 2025-08-27Held indirectly through Spring Street Holdings Pty Ltd. As disclosed: Participation in the approved placement of 1,162,790 ordinary shares for $99,999.94.
director · Start not disclosed Spring Street Holdings Pty Ltd · Relevant interest held through Spring Street Holdings Pty Ltd Change of Director's Interest Notice ↗ Change of Director's Interest Notice ↗ | SubscriptionFully paid ordinary shares | 1,162,790 | AUD 99,999.94 | AUD 0.086Calculated average | 9,158,863 |
| 2023-02-14 | David SouthamLynnette Edwards
Details & evidence for David Southam on 2023-02-14Notice states rights were issued as incentives and for director services under shareholder approval; stated estimated value is not cash consideration. As disclosed: 18,000,000 performance rights issued as director incentives; expiry 13 Feb 2028.
director · Start not disclosed Change of Director's Interest Notice ↗ | GrantPerformance rights | 18,000,000 | —Non Cash | — | — |
Disclosed holding observations6 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-01-12 | David Southam
Details & evidence for David Southam on 2026-01-12Zero after the expressly reported lapse; other Class X and Z rights remain.
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionClass Y performance rights expiring 2028-09-05 | 0 | — |
| 2025-12-15 | Ernest Mast
Details & evidence for Ernest Mast on 2025-12-15After mutual forfeiture; director retained 1,000,000 Class AB rights.
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionClass AB performance rights expiring 2030-05-31 | 1,000,000 | — |
| 2025-12-15 | Ernest Mast
Details & evidence for Ernest Mast on 2025-12-15After mutual forfeiture; director retained 1,000,000 Class AC rights.
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionClass AC performance rights expiring 2030-05-31 | 1,000,000 | — |
| 2025-08-27 | Raymond Shorrocks
Details & evidence for Raymond Shorrocks on 2025-08-27After placement subscription; held indirectly through Spring Street Holdings Pty Ltd.
director · Start not disclosed Spring Street Holdings Pty Ltd · Relevant interest held through Spring Street Holdings Pty Ltd Change of Director's Interest Notice ↗ | PositionFully paid ordinary shares | 9,158,863 | — |
| 2023-02-14 | David Southam
Details & evidence for David Southam on 2023-02-14Reported position at the date of the director grant; indirect via spouse.
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionFully paid ordinary shares | 285,715 | — |
| 2023-02-14 | David Southam
Details & evidence for David Southam on 2023-02-14Performance-right position after reported grant; indirect via spouse.
director · Start not disclosed Change of Director's Interest Notice ↗ | PositionPerformance rights expiring 2028-02-13 | 18,000,000 | — |
The closest covered peers
Peer comparison
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Narrative and provenance
Research & Sources
AI Analyst Report
The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.
Sign in or enter a guest codeChronological evidenceSource-document inventory40 documents
Cygnus Metals corporate teamLeadership · MediumExtracted
Issuer corporate page lists current executive chair, CEO, VP exploration, CFO/joint secretary and joint secretary.
- Document ID
- issuer-2026-09-26-leadership
- Published UTC
- 2026-09-26T02:00:00Z
- Projects
- —
- Commodities
- —
ASX CY5 reference close from local price databaseMarket Data · HighExtracted
Latest eligible local database close, collected from market data provider, for one ASX CY5 ordinary share; 3,066,006 shares traded.
- Document ID
- market-2026-09-25-cy5-close
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
CAML AIM closing priceMarket Data · HighExtracted
CAML AIM closing price of 159 GBX on 25 September 2026.
- Document ID
- market-2026-09-25-caml-close
- Published UTC
- 2026-09-25T16:41:00Z
- Projects
- —
- Commodities
- —
GBP/AUD closing rateMarket Data · HighExtracted
GBP/AUD historical rate of 1.8859 on 25 September 2026.
- Document ID
- market-2026-09-25-gbp-aud
- Published UTC
- 2026-09-25T16:00:00Z
- Projects
- —
- Commodities
- —
Adjournment of Second Court HearingTransaction · HighExtracted
Court adjourned the second hearing to 14 October while Kazakhstan clearance remained outstanding; revised implementation target is 27 October.
- Document ID
- issuer-2026-09-23-court
- Published UTC
- 2026-09-23T11:56:00Z
- Projects
- —
- Commodities
- —
Issue of Shares and Cleansing NoticeCorporate Action · MediumExtracted
188,623 ordinary shares issued on options and right exercise.
- Document ID
- issuer-2026-09-21-shares
- Published UTC
- 2026-09-21T13:05:00Z
- Projects
- —
- Commodities
- —
Results of Scheme MeetingTransaction · HighExtracted
Cygnus shareholders approved the scheme by the required headcount, share-vote, and minority-vote tests.
- Document ID
- issuer-2026-09-18-scheme-vote
- Published UTC
- 2026-09-18T13:02:00Z
- Projects
- —
- Commodities
- —
Issue of Shares and Cleansing NoticeCorporate Action · MediumExtracted
24,144,665 shares issued against vested rights; gross rights conversion totals exceed issued shares because of tax-withholding settlement.
- Document ID
- issuer-2026-09-15-shares
- Published UTC
- 2026-09-15T08:49:00Z
- Projects
- —
- Commodities
- —
Update on Scheme of ArrangementTransaction · HighExtracted
North Macedonia clearance, expert opinion and CAML vote satisfied; Kazakhstan approval remained outstanding.
- Document ID
- issuer-2026-09-14-scheme
- Published UTC
- 2026-09-14T06:24:00Z
- Projects
- —
- Commodities
- —
Issue of Shares and Cleansing NoticeCorporate Action · MediumExtracted
10,333,333 fully paid shares issued upon performance-right exercise.
- Document ID
- issuer-2026-09-08-shares
- Published UTC
- 2026-09-08T08:40:00Z
- Projects
- —
- Commodities
- —
Scheme Update – CAML Shareholder Resolution PassedTransaction · HighExtracted
CAML shareholders approved issuance of new CAML shares at the 4 September meeting.
- Document ID
- issuer-2026-09-07-caml-vote
- Published UTC
- 2026-09-07T00:27:00Z
- Projects
- —
- Commodities
- —
Half Yearly Report and AccountsResults · HighExtracted
Issuer-reviewed interim financial statements for the six months to 30 June 2026.
- Document ID
- asx-2026-09-01-half-year
- Published UTC
- 2026-09-01T08:21:00Z
- Projects
- —
- Commodities
- —
Scheme Update – Independent Expert ConfirmationTransaction · HighExtracted
After updated interim results the independent expert maintained its fair-and-reasonable opinion.
- Document ID
- issuer-2026-09-01-expert
- Published UTC
- 2026-09-01T15:47:00Z
- Projects
- —
- Commodities
- —
Issue of Shares and Cleansing NoticeCorporate Action · MediumExtracted
9,603,413 fully paid shares issued on option and right conversions.
- Document ID
- issuer-2026-09-02-shares
- Published UTC
- 2026-09-02T07:50:00Z
- Projects
- —
- Commodities
- —
Drilling Results UpdateResource Update · MediumExtracted
Copper Rand and Gwillim drill results support resource-growth targets, but are not a resource or mine plan.
- Document ID
- issuer-2026-08-28-drilling
- Published UTC
- 2026-08-27T23:26:00Z
- Projects
- chibougamau · gwillim
- Commodities
- copper · gold
Scheme Transaction UpdateTransaction · HighExtracted
Reviewed local ASX release: Scheme Transaction Update.
- Document ID
- asx-2026-08-05-scheme-update
- Published UTC
- 2026-08-04T22:20:22Z
- Projects
- chibougamau
- Commodities
- copper · gold
TOV: CY5 - Panel Receives ApplicationTransaction · HighExtracted
Reviewed local ASX release: TOV: CY5 - Panel Receives Application.
- Document ID
- asx-2026-07-22-takeovers-panel
- Published UTC
- 2026-07-22T08:21:48Z
- Projects
- chibougamau
- Commodities
- copper · gold
Application for quotation of securities - CY5Corporate Action · MediumExtracted
Reviewed local ASX release: Application for quotation of securities - CY5.
- Document ID
- asx-2026-07-20-quotation
- Published UTC
- 2026-07-20T08:33:50Z
- Projects
- —
- Commodities
- —
Application for quotation of securities - CY5Corporate Action · MediumExtracted
Reviewed local ASX release: Application for quotation of securities - CY5.
- Document ID
- asx-2026-07-14-quotation
- Published UTC
- 2026-07-14T08:02:37Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Reviewed local ASX release: Quarterly Activities/Appendix 5B Cash Flow Report.
- Document ID
- asx-2026-07-10-quarterly
- Published UTC
- 2026-07-10T05:58:14Z
- Projects
- chibougamau · pontax · auclair-sakami
- Commodities
- copper · gold · lithium
Application for quotation of securities - CY5Corporate Action · MediumExtracted
Reviewed local ASX release: Application for quotation of securities - CY5.
- Document ID
- asx-2026-06-15-quotation
- Published UTC
- 2026-06-15T06:59:13Z
- Projects
- —
- Commodities
- —
Cygnus enters into Scheme Implementation DeedTransaction · HighExtracted
Reviewed local ASX release: Cygnus enters into Scheme Implementation Deed.
- Document ID
- asx-2026-06-02-scheme
- Published UTC
- 2026-06-02T06:33:04Z
- Projects
- chibougamau
- Commodities
- copper · gold
Notification of cessation of securities - CY5Corporate Action · MediumExtracted
Reviewed local ASX release: Notification of cessation of securities - CY5.
- Document ID
- asx-2026-06-01-cessation
- Published UTC
- 2026-06-01T06:43:25Z
- Projects
- —
- Commodities
- —
Notification of cessation of securities - CY5Corporate Action · MediumExtracted
Reviewed local ASX release: Notification of cessation of securities - CY5.
- Document ID
- asx-2026-04-24-cessation
- Published UTC
- 2026-04-24T06:36:28Z
- Projects
- —
- Commodities
- —
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Reviewed local ASX release: Quarterly Activities/Appendix 5B Cash Flow Report.
- Document ID
- asx-2026-04-24-quarterly
- Published UTC
- 2026-04-23T23:22:26Z
- Projects
- chibougamau · pontax · auclair-sakami
- Commodities
- copper · gold · lithium
Annual Report to shareholdersResults · HighExtracted
Reviewed local ASX release: Annual Report to shareholders.
- Document ID
- asx-2026-03-30-annual
- Published UTC
- 2026-03-30T07:36:59Z
- Projects
- chibougamau · pontax · auclair-sakami
- Commodities
- copper · gold · lithium
BMO Global Metals Conference and PDAC Corporate PresentationPresentation · MediumExtracted
Reviewed local ASX release: BMO Global Metals Conference and PDAC Corporate Presentation.
- Document ID
- asx-2026-02-23-presentation
- Published UTC
- 2026-02-23T07:00:19Z
- Projects
- chibougamau · pontax
- Commodities
- copper · gold · lithium
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Reviewed local ASX release: Quarterly Activities/Appendix 5B Cash Flow Report.
- Document ID
- asx-2026-01-27-quarterly
- Published UTC
- 2026-01-26T21:26:23Z
- Projects
- chibougamau · pontax · auclair-sakami
- Commodities
- copper · gold · lithium
Quarterly Activities/Appendix 5B Cash Flow ReportResults · HighExtracted
Reviewed local ASX release: Quarterly Activities/Appendix 5B Cash Flow Report.
- Document ID
- asx-2025-10-27-quarterly
- Published UTC
- 2025-10-26T22:52:19Z
- Projects
- chibougamau · pontax · auclair-sakami
- Commodities
- copper · gold · lithium
Chibougamau Resource Update PresentationResource Update · HighExtracted
Reviewed local ASX release: Chibougamau Resource Update Presentation.
- Document ID
- asx-2025-10-02-resource-presentation
- Published UTC
- 2025-10-01T23:25:06Z
- Projects
- chibougamau
- Commodities
- copper · gold · silver
Major Resource UpdateResource Update · HighExtracted
Reviewed local ASX release: Major Resource Update.
- Document ID
- asx-2025-09-17-resource
- Published UTC
- 2025-09-16T22:58:54Z
- Projects
- chibougamau
- Commodities
- copper · gold · silver
Half Yearly Report and AccountsResults · HighExtracted
Reviewed local ASX release: Half Yearly Report and Accounts.
- Document ID
- asx-2025-09-11-half-yearly-report-and-accounts
- Published UTC
- 2025-09-11T06:57:58Z
- Projects
- chibougamau · pontax · auclair-sakami
- Commodities
- copper · gold · lithium
Strong drilling results to feed into coming resource updateResource Update · HighExtracted
Reviewed local ASX release: Strong drilling results to feed into coming resource update.
- Document ID
- asx-2025-06-17-strong-drilling-results-to-feed-into-coming-resource-u
- Published UTC
- 2025-06-16T23:00:43Z
- Projects
- chibougamau
- Commodities
- copper · gold · silver
Merger with Dore Copper CompletedTransaction · HighExtracted
Reviewed local ASX release: Merger with Dore Copper Completed.
- Document ID
- asx-2025-01-02-dore-merger-complete
- Published UTC
- 2025-01-01T21:27:19Z
- Projects
- chibougamau
- Commodities
- copper · gold
Merger receives final Court approvalTransaction · HighExtracted
Reviewed local ASX release: Merger receives final Court approval.
- Document ID
- asx-2024-12-20-merger-receives-final-court-approval
- Published UTC
- 2024-12-19T22:24:05Z
- Projects
- chibougamau
- Commodities
- copper · gold
Dore Copper shareholders approve merger with CygnusTransaction · HighExtracted
Reviewed local ASX release: Dore Copper shareholders approve merger with Cygnus.
- Document ID
- asx-2024-12-17-dore-copper-shareholders-approve-merger-with-cygnus
- Published UTC
- 2024-12-16T22:40:11Z
- Projects
- chibougamau
- Commodities
- copper · gold
Dore Management Information Circular DispatchedTransaction · HighExtracted
Reviewed local ASX release: Dore Management Information Circular Dispatched.
- Document ID
- asx-2024-11-22-dore-management-information-circular-dispatched
- Published UTC
- 2024-11-21T22:38:14Z
- Projects
- chibougamau
- Commodities
- copper · gold
Clarification - Merger and Equity Raise PresentationTransaction · HighExtracted
Reviewed local ASX release: Clarification - Merger and Equity Raise Presentation.
- Document ID
- asx-2024-10-15-clarification-merger-and-equity-raise-presentation
- Published UTC
- 2024-10-15T05:16:48Z
- Projects
- chibougamau
- Commodities
- copper · gold
Merger and Equity Raise PresentationTransaction · HighExtracted
Reviewed local ASX release: Merger and Equity Raise Presentation.
- Document ID
- asx-2024-10-15-merger-and-equity-raise-presentation
- Published UTC
- 2024-10-15T00:01:51Z
- Projects
- chibougamau
- Commodities
- copper · gold
Copper Merger and Equity RaiseTransaction · HighExtracted
Reviewed local ASX release: Copper Merger and Equity Raise.
- Document ID
- asx-2024-10-15-copper-merger-and-equity-raise
- Published UTC
- 2024-10-15T00:01:01Z
- Projects
- chibougamau
- Commodities
- copper · gold
Evidence facts74
True None
2026-08-05early October 2026 None
2026-08-05satisfied None
2026-08-05under review None
2026-08-051227592052 shares
2026-07-2078221706 rights
2026-07-203146535 rights
2026-07-2010866073 options
2026-07-201225192052 shares
2026-07-14228712 shares
2026-07-1425521000 AUD
2026-06-301300000 AUD
2026-06-304.02 quarters
2026-06-306342000 AUD
2026-06-300.06 CAML shares per CY5 share
2026-06-020.176 AUD/CY5 share
2026-06-01232000000 AUD
2026-06-010.5 Mt at 5.6 g/t AuEq for 91 koz AuEq None
2025-09-161.2 Mt at 4.6 g/t AuEq for 182 koz AuEq None
2025-09-16delayed with no revised completion date and not before the scheme meeting None
2026-07-101221963340 shares
2026-06-151050000 shares
2026-06-15232000000 AUD
2026-06-0160 %
2026-06-016.4 Mt at 2.3% Cu, 0.8 g/t Au and 7.6 g/t Ag None
2025-09-168.5 Mt at 2.1% Cu, 1.7 g/t Au and 7.9 g/t Ag None
2025-09-16900000 tonnes per annum
2026-06-0213351264 AUD
2025-12-3110.1 Mt at 1.04% Li2O None
2023-08-1451 %
2026-03-3025000000 AUD
2026-03-201064000000 shares
2026-02-23331000 tonnes copper
2025-09-16621000 ounces gold
2025-09-163700000 ounces silver
2025-09-166.4 Mt at 3.0% CuEq for 193 kt CuEq None
2025-09-168.5 Mt at 3.5% CuEq for 295 kt CuEq None
2025-09-169370 USD/t
2025-09-162400 USD/oz
2025-09-1630 USD/oz
2025-09-16True None
2025-01-0120.3m at 4.2 g/t AuEq drill intercept
2026-08-2750 %
2026-08-2725520869 AUD
2026-06-304652294 AUD loss
2026-06-3079010127 AUD
2026-06-301437571 AUD
2026-06-300 AUD
2026-06-30True boolean
2026-09-019603413 shares
2026-09-0212296 options
2026-09-029333333 rights
2026-09-02257784 rights
2026-09-02True boolean
2026-09-0410333333 shares
2026-09-08True boolean
2026-09-14True boolean
2026-09-1424144665 shares
2026-09-1521335872 rights
2026-09-152888751 rights
2026-09-1598.35 %
2026-09-1881.38 %
2026-09-18188623 shares
2026-09-2121956 options
2026-09-21166667 rights
2026-09-21True boolean
2026-09-232026-10-12 date
2026-09-232026-10-14 date
2026-09-232026-10-27 date
2026-09-230.17 AUD/share
2026-09-253066006 shares
2026-09-251.59 GBP/share
2026-09-251.8859 AUD/GBP
2026-09-25Southam; Kwong; Grieve; Travaglini; Cramer names
2026-09-26Conflicts requiring judgment2
- capital_structure.ordinary_shares
The 20 July Appendix 2A is the latest chronological issued-capital observation before cutoff.
- capital_structure.ordinary_shares
Issued ordinary shares are 24,144,665; gross converted rights exceed that by 79,958, consistent with net settlement for withholding. The issued-share total controls the ordinary register.