CONNECTED MINERALS LIMITED
CML: Annual Report to Shareholders & Full Year Statutory Accounts
Connected Minerals Limited's annual report for 2026 highlights a significant strategic transformation with the acquisition of an 80% interest in the Bailundo Carbonatite Project in Angola, focusing on niobium and rare earth elements. The company completed a A$4.5 million capital raise to fund initial drilling at Bailundo, which is designed to establish continuity, geometry, and grade for a maiden JORC Mineral Resource Estimate. Concurrently, the company impaired the carrying value of its Namibian uranium and Western Australian exploration assets, reflecting a shift in exploration priorities, despite reporting significant uranium grades from its Phase 2 drilling at Etango North-East in Namibia.