What project is Zeus Resources (ASX:ZEU) acquiring in Mauritania?

Zeus Resources (ASX:ZEU) is acquiring up to 100% of Sab Metals Mauritania SARL to gain access to the Diaguili copper-gold project. This acquisition expands the critical minerals portfolio of Zeus Resources into the Mauritanides orogenic belt in southern Mauritania.

What are the financial terms of the Zeus Resources (ASX:ZEU) acquisition?

Zeus Resources (ASX:ZEU) agreed to pay total consideration of US$2 million, split evenly between US$1 million in cash and US$1 million in shares. The payments from Zeus Resources will be structured across four separate tranches over a 24-month period.

How is Zeus Resources (ASX:ZEU) raising capital to fund the purchase?

Zeus Resources (ASX:ZEU) secured firm commitments for a share placement at A$0.006 per share to raise $2.0 million. The raised funds will allow Zeus Resources to cover the acquisition costs and support its ongoing operations.

What is the completion timeline for the Zeus Resources (ASX:ZEU) acquisition?

Zeus Resources (ASX:ZEU) expects the staged acquisition structure to take place across four completions spanning a 24-month period. During this time, Zeus Resources plans to advance exploration on the fully permitted permit area.

How does the acquisition affect the geographic reach and market position of Zeus Resources (ASX:ZEU)?

Zeus Resources (ASX:ZEU) expands its footprint into southern Mauritania, an under-explored region known to host copper-gold mineralisation. Following the announcement, the share price of Zeus Resources remained unchanged at $0.006.

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Zeus Resources buys copper project for US$2M

Written by Brie CarterPublished Jul 23, 2026, 3:53 AM

Zeus Resources signed an agreement to acquire up to 100% of Sab Metals Mauritania SARL for US$2 million.
The company secured firm commitments to raise $2 million via a share placement to fund the transaction.
The acquisition expands the company's critical minerals portfolio into the Mauritanides orogenic belt in southern Mauritania.

Zeus Resources (ASX:ZEU) has agreed to acquire up to 100% of the Diaguili Copper-Gold Project for US$2 million.

Located in southern Mauritania, the permit area contains historical drilling intercepts, including 22.25 metres at 2.10% copper.

Under the terms, consideration is split evenly between a US$1 million investment and equity.

The company will issue shares and cash in four tranches across four completions over a 24-month period.

To fund the purchase, Zeus secured firm commitments for a placement at $2 million.

Following the announcement, the Zeus Resources share price was unchanged at $0.006.

The company continues to focus on early-stage exploration and critical mineral asset acquisitions in under-explored regions.

Zeus Resources buys copper project for US$2M

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