PVW Resources Ltd (ASX:PVW) Acquires Highly Prospective and Silver Stake in Nevada and Idaho USA Complemented With a $2.5m Capital Raising

17 September 2025

Price Sensitive Announcement $

Highlights:

• PVW Resources Ltd (PVW) has entered into a binding agreement to acquire 100% interest in exciting gold and silver projects across two states:
  o The Cobb Creek Project within the Independence Trend, sub parallel to the infamous Carlin Trend in Nevada, USA, both renowned for large Carlin-style, epithermal and other structurally-controlled gold deposits and mines.
  o The Colorado Gulch Project and Silverstar Project, both located in the emerging mineral-rich district of central Idaho, USA surrounded by several significant gold and silver deposits and mines.
• The Acquisition of the Cobb Creek Project, the Colorado Gulch Project and the Silverstar Project totaling 34.4 sqkm provides an exciting pipeline of opportunities to explore for gold and silver in strategically selected regions of Nevada and Idaho in the USA.
• Past drilling & trenching intersections very close to surface at Cobb Creek include.
  o 33.5m at 1.9 g/t Au from 18.3m in COBRC-84 incl 12.2m at 4.1 g/t Au
  o 30.5m at 1.7 g/t Au from 6.1m in COBRC-3 incl 15.2m at 2.9 g/t Au
  o 30.4m at 1.4 g/t Au from 16.8m in COBRC-18 incl 4.6m at 5.4 g/t Au
  o 21.3m at 1.7 g/t Au from 47.2m in COBRC-40 incl 9.1m at 3.2 g/t Au
• A historical, NI43-101 (non-JORC) gold resource of 173,000 ounces of gold in 3,740,300 tonnes of combined oxide and sulphide material at a grade of 1.44 g/t Au1are noted in previous reports on the Cobb Creek Project
• Several targets have been identified on the Cobb Creek Project which represent exciting exploration opportunities to expand the resource base including along strike and at depth at McCall as well as other regional targets at Silica Ridge, Duzier Ridge and O Target.
• The Colorado Gulch and Silver Star projects, both in the highly prospective region of Central Idaho, are underexplored gold-silver-base metal vein and breccia systems that were mined underground for high-grade gold in the 1800’s and there has been no modern day systematic exploration completed.
• Experienced new directors to be appointed to the PVW Board, Martin Walter and William (Rick) Brown, who were jointly responsible for the acquisition and resource definition of the giant Navidad Silver Deposit in southern Argentina that was acquired by Pan American Silver (TSX:PAAS) in 2010 for US$626M.
• PVW has received firm commitments to raise $2,500,000 through a placement to sophisticated and professional investors lead by CPS Capital Group Pty Ltd (CPS).

Overview:

PVW Resources Limited (ASX: PVW) has entered into a binding agreement to acquire 100% of the shares in Southern Prospecting Pty Ltd (Southern Prospecting) which has exclusive options to acquire a 100% interest in each of the Cobb Creek, the Colorado Gulch and the Silverstar Projects in Nevada and Idaho in the USA.

Additionally, the Company has received firm commitments from existing and new sophisticated investors to raise approximately $2,500,000 through a placement of approximately 166,666,667 fully paid ordinary shares (Shares) at an issue price of $0.0165 per Share, together with a free attaching option on a 2:3 basis, each with an exercise price of $0.025 and expiry date of 24 months from the date of issue (Placement).

The Placement will be conducted via two (2) tranches, as follows:
(a) Tranche 1: 49,926,193 Shares under the Company’s existing Listing Rule 7.1 & 7.1A capacity(29,955,716 Shares under Listing Rule 7.1 and 19,970,477 Shares under Listing Rule 7.1A). Tranche 1 will be completed prior to 30 September 2025; and

(b) Tranche 2: subject to shareholder approval under Listing Rule 7.1, via the issue of up to 101,588,959 Shares and 101,010,101 attaching options

Company Notes:

Incoming Director, Martin Walters, said:
“We are bringing PVW into Nevada at exactly the right time. The state is experiencing a genuine gold boom, with majors and juniors alike aggressively drilling extensions on the Carlin and Independence trends. Nevada is already one of the world’s greatest gold producers, and yet projects like Cobb Creek remain virtually untouched since the early 1990s. That underexplored potential, in the middle of a world-class district, is incredibly rare.

At Cobb Creek, the NI43-101 (non- JORC) Historic Resource of ~173,000 ounces is just the starting point. The geology strongly supports significant growth — untested feeder zones, silver not historically assayed, and multiple open extensions. With record-breaking gold prices now above US$3,500 an ounce, every new ounce we discover will generate more value than ever before. I believe Cobb Creek alone has the scope to grow into a substantial deposit. Equally exciting are our Idaho high-grade projects, Colorado Gulch and Silverstar where high grades of gold and silver have been reported in historical records. This sort of high-grade, near-surface mineralization, sitting within proven gold belts, gives us a huge advantage in fast-tracking ounces into a resource base. These projects have the potential to rapidly complement Cobb Creek and underpin a portfolio that I believe can deliver a minimum one-million-ounce gold inventory.

I’m also very pleased to be working alongside a first-class technical team. William Brown, who has been instrumental in major discoveries such as Navidad (750Moz silver) and Mara Rosa (1.5Moz gold), and Dr. Max Baker, a PhD geologist with over 40 years’ experience including senior roles at Newcrest and Integra Resources. Their track record of finding and developing world-class deposits gives me enormous confidence in what PVW can achieve with these assets.

We look forward to being able to quickly move into follow up workings across all projects now we are fully funded and providing shareholders with continuous progress reports with our findings as they come to hand.”

Full ASX Announcement: https://hotcopper.com.au/threads/ann-pvw-to-acquire-prospective-gold-and-silver-projects-in-usa.8773168/