30 October 2025

We are pleased to have advised mining exploration company, Golden Dragon Mining Ltd (ASX:GDR) (Golden Dragon), on its successful initial public offering and listing on ASX.

Golden Dragon is focused on gold and critical minerals exploration in Western Australia. The Company’s flagship project is the Cue Project in the North Murchison region, a 600km2 package of exploration tenure that is nearby to the significant Big Bell deposit in the Murchison gold field.

The Company also has additional projects at its Narndee-Fenceline Project focused on base metals and PGE targets and the Stella Range Project which is prospective for gold and nickel.

Golden Dragon successfully completed its capital raising for the IPO which received high demand from investors and was heavily oversubscribed. The Lead Manager for the IPO capital raising was Sanlam.

The Moray & Agnew team leading this IPO comprised Partner, Phillip Grundy, and corporate team members Abraham Isac (Senior Associate) and Rebecca Durso (Associate).

Our firm has assisted Golden Dragon on its corporate journey since inception 3 years ago, guiding the company on four (4) project acquisition transactions, completing multiple pre-IPO capital raising rounds and successfully executing the regulatory steps for the IPO capital raise and ASX listing.

Corporate Partner Phil Grundy says “Congratulations to the Golden Dragon Mining Board members, Frank Cannavo, Sam Zheng, Rhod Grivas and Simon Buswell-Smith, as well as key transaction advisors Sanlam (Lead Manager) and HLB Mann Judd (Auditors / Investigating Accountants) on the successful completion of this ASX listing. We wish Golden Dragon every success with its upcoming exploration programs, in particular on its flagship Cue gold project, and look forward to watching the company’s growth in the future.”