Question 1

What does Unicorn Mineral Resources say it has formally signed for its £1.25m unsecured loan facility?

Accepted Answer

Unicorn Mineral Resources says it has formally signed final legal documentation for its £1.25m unsecured loan facility with Electro Automation (Group).

Question 2

Which copper mine in Namibia is Unicorn Mineral Resources pursuing to acquire a controlling stake in?

Accepted Answer

Unicorn Mineral Resources is pursuing a proposed acquisition of a controlling stake in the Klein Aub copper mine in Namibia.

Question 3

What interest rate and establishment fee did chairman Paddy Doherty’s £1.25m related-party loan facility include?

Accepted Answer

The principal terms for chairman Paddy Doherty’s £1.25m unsecured related-party loan set interest at 10% per annum and an establishment fee of 3% (£37,500), both payable at maturity.

Question 4

What did Unicorn Mineral Resources commission at Kilmallock in County Limerick in June?

Accepted Answer

At Kilmallock, County Limerick, Unicorn said a denser 340-station gravity survey by BRG Geotechnics commenced in June following 3D gravity modelling that defined five untested density anomalies and a fault-controlled anomaly near Bulgaden.

Question 5

What discount did the principal, interest and fee conversion into Unicorn shares receive under Unicorn Mineral Resources' lender-request terms on 17 August 2026?

Accepted Answer

Unicorn said the principal, interest and fee can convert into Unicorn shares on redemption at a 10% discount to the 30-day volume weighted average price, subject to Takeover Panel clearance where required.

Question 6

How much slimes and tailings does Unicorn Mineral Resources say the Klein Aub copper mine comprises?

Accepted Answer

Unicorn Mineral Resources reports that the Klein Aub copper mine comprises approximately 5.6 million tonnes of slimes and tailings.

Timeline

Unicorn Mineral Resources

Unicorn Minerals Resources secures £1.25m loan for Klein Aub deal

Unicorn Mineral Resources secures £1.25m loan to fund Klein Aub copper mine acquisition

Unicorn Mineral Resources identifies five drill targets at Kilmallock

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