Admission: Halo Minerals PLC

Halo Minerals PLC (the Company) is a mineral development company focused on the evaluation and potential development of mineral assets. Halo Minerals PLC and its subsidiaries (together, the Group) principal asset is the Playa Verde Project comprising six mining concessions over an area of approximately 13.57 km2 of copper-bearing tailings, located in the coastal town of Chañaral in the Atacama Region of northern Chile.

The Group plans to advance the Playa Verde Project on an accelerated timeline to production utilising the funds raised on admission, which is expected to take the project to a final investment decision, or to a stage at which alternative project funding options are available for the project. Following this, the Company intends to begin the construction phase of the project. The Group also intends to pursue additional growth opportunities in Chile and, potentially, other international jurisdictions. 

In March 2025, the Company completed the acquisition of the Copper Bay Group, through which the Playa Verde Project is held. The total consideration payable under the Copper Bay Acquisition Agreements is USD 7.5 million, payable to the previous shareholders of the Copper Bay Group on a deferred milestone basis whereby the first instalment of USD 3.75 million will become payable on the production of 7,500 metric tonnes of copper (either in cathode, concentrate or other form) from the project, and the balance of USD 3.75 million will become payable once cumulative production from the project reaches 15,000 metric tonnes. The Company intends to reclaim and process the copper tailings in a purpose-built facility using low-cost conventional technologies to produce copper cathodes and a copper concentrate.