Investment in Sunshine Gold & Issue of Equity

Hot Rocks Investments plc (HRIP) Hot Rocks Investments plc: Investment in Sunshine Gold & Issue of Equity 14-Nov-2025 / 14:50 GMT/BST  14 November 2025

HOT ROCKS INVESTMENTS PLC

(the "Company" or “Hot Rocks”)

Investment in Sunshine Gold – an Australian gold explorer

Issue of Equity

The Directors of the Company are pleased to announce that the Company has agreed to acquire a 25% equity interest in Sunshine Gold Capital Pty Ltd (“Sunshine Gold”).

 

Sunshine Gold is targeting the next major gold discovery in Western Australia and holds 100% of Dexter Gold - with 2 granted exploration leases with a total ground holding of 420 km2 (granted December 2024 for 5 years with no native title objections).

 

Dexter has similar rock types and favourable geological structures, analogous to the large producing gold mines at nearby Tropicana (Anglogold) and Gruyere (Gold Road / Gold Fields SA). The district discoveries at Tropicana, Gruyere, Central Bore & Attila total over 17Moz of discovered gold resources.

The Company will provide a drawdown facility to Sunshine Gold for the sum of £100,000, such funds to be utilised for exploration work and working capital.

A technical committee will be formed with representatives from each of the Company and Sunshine Gold.

The Company has a 6-month option to acquire, subject to any required approvals, a further 26% of Sunshine Gold Capital Pty Ltd in consideration of providing a further drawdown facility of a further £125,000 to Sunshine Gold. 

 

The Company has agreed to issue 1,500,000 new Ordinary Shares to the shareholders of Sunshine Gold (“Consideration Shares”). The Consideration Shares will be locked-in for 6 months.

The Company has agreed to issue further Hot Rocks new ordinary shares to the shareholders of Sunshine Gold for value of £100,000 (at the higher of 1.125p or mid-price at the time of issue) – when the compliant resource of any one project at Dexter exceeds 500,000 ounces of gold.