Dear Shareholders,
I write to welcome you to Aventine Resources Limited (ASX:AVT) reserved; “Aventine” and/or “the Company”), a new exploration force in Western Australia’s Paterson Province and East Pilbara.
Your investment in our Company is critical to its ongoing development, which is already progressing well. Several key corporate milestones have been reached and several more are on the near horizon.
Pleasingly, we have established early strong relationships with vendor Greatland Resources (ASX:GGP, AIM:GGP) to acquire 8 tenements split across two distinct gold project areas. Early interpretation work suggests we are acquiring fertile “elephant” ground in close vicinity to the Telfer and Haverion gold deposits, two of the most prominent in Australia. While Telfer has been an operating gold-copper mine for almost 50 years and produced more than 15Moz of Au. Havieron was subject to a recently published feasibility study, with Greatland looking to develop and produce 3.3Moz Au over 17 years.
Our projects’ proximity to these two exceptional high-value resources and several other large discoveries in the neighbourhood hold us in good stead for a number of reasons – not least because the tenure plan to explore displays similar geological and mineralisation characteristics. In addition, we have the ability to maintain a strong connection with Greatland to leverage its knowledge and relationships as our Company grows.
A rich vein of projected news flow associated with both corporate and operational activity for Aventine has already been identified, and this communique is the first of many updates you will be supplied as our journey evolves.
Seed raise complete
In collaboration with Bell Potter, we successfully closed our pre-IPO seed capital raise by way of private placement on Friday 12 December 2025, issuing a total of 22,722,220 million shares at an issue price of AU$0.10. Strong interest in our gold and gold-copper exploration ambitions was received, with the Company raising AU$2.27 million and welcoming 70 shareholders to our register.
This initial funding will see us through the IPO process and into listing, covering both corporate and early exploration planning activity. The opportunity to participate in our IPO (scheduled for early 2026) will be prioritised for foundation shareholders.
Expert team assembled
Aventine has assembled a highly experienced Board and management team with a strong combination of knowledge spanning geology, exploration and discovery success, capital market expertise, corporate structuring and company management.
Heading our Board is Executive Chairman Simon Andrew, who has a long history working in capital markets across Australia, Singapore and Hong Kong, as well as managing several ASX-listed exploration companies.
John Barbante brings a quarter century of experience and networks from his roles in the mining and business sectors, including running unlisted explorer White Tiger Resources.
Technical Director Allan Kneeshaw’s experience as part of the De Grey Mining Hemi Deposit discovery team is a boon for our company. Not only has he enjoyed discovery success, he’s very familiar with the Paterson Province and East Pilbara, offering an intimate knowledge of the areas in which we plan to explore.
Allan is assembling a top quality exploration team and will be actively involved in designing our immediate on the ground activity plans. It is the clear stated plan of the company to have drill bits spinning in a matter of weeks, post ASX listing.
A final Non-Executive Director will be appointed by Greatland Resources, as a foundation and substantial shareholder of Aventine Resources, at an appropriate time in the future.
Projects and forward works
Through our strong relationship with Greatland, we have pulled together a 780km2 land package comprising eight tenements spread through the Paterson Province and East Pilbara.
The Black Hills project is within 50km from Greatland’s Telfer and Haverion deposits. Work is already underway reviewing and assessing historical exploration data, building fresh geological interpretations and applying them to exploration modelling. Our priority is identifying a raft of targets across the Black Hills and Budjidowns tenements, and obtaining relevant exploration permits and approvals. The Company’s developing exploration strategy has already identified a significant number of drill-ready targets, with the expectation this number will increase as further preliminary work is undertaken in the new year.
Black Hills reflects the most exciting early exploration prospectivity, having returned historic rock chip samples up to 82g/t Au and surface nugget discovery by prospectors, supported by solid drill intercepts with tenors of 12m @ 1.38g/t Au and 13m @2.01g/t Au. Previous soil sampling and drilling activity tells us mineralisation is shallow and wide, with multi-element anomalies (Au-Te-W-As) detected. RC drilling will focus on establishing infill and extensional understanding of the three key zones with Saddle Reef presenting as an early key target, and another 10 advanced drill-ready targets to be explored in the future.
Early discussions have started with contractors and we will lean into our relationship with Greatland to keep exploration and related on-ground activity costs down.
Next steps
Aventine will keep shareholders fully informed as our timeline toward an Initial Public Offering and ASX listing develops. Shareholders can also expect regular updates as our exploration plans are finalised and forward work programs take shape.
Our plan is to list on the Australian Securities Exchange in late Q1 2026, and we will be working through the holiday period to accelerate the process as much as possible. We will ensure that shareholders are kept fully informed as we progress.
Supporting direct communications with shareholders, we have appointed investor and media relations agency SPOKE. to drive our story externally as it takes shape. SPOKE’s remit is to create and roll out our Company’s brand identity, as well establishing a range of digital communication channels, website and propagating media awareness of our plans to hunt for elephant-scale gold deposits in one of the most underexplored, prized mineral regions of Australia.
Again, I thank you for your early interest in being part of Aventine Resources’ journey and we look forward to providing regular updates as the Company's development gathers pace.
Yours sincerely,
Ben Dunn
Managing Director and CEO
