Jiangxi Copper (00358) has confirmed that the formal offer to acquire all shares of SolGold plc (excluding existing holdings) has become effective following submission of a UK court ruling to the Registrar of Companies on 4 March 2026. The transaction is facilitated through a wholly owned subsidiary and features a cash consideration of 0.28 pound per share.

SolGold plc’s core asset is the Alpala deposit of the Cascabel Project, which has completed a pre-feasibility study. It contains 12.20 million tonnes of copper, 30.50 million ounces of gold, and 102.30 million ounces of silver in proven, controlled, and inferred resources. Of these, proven and probable reserves are reported at 3.20 million tonnes of copper, 9.40 million ounces of gold, and 28.00 million ounces of silver.

The acquisition is expected to expand Jiangxi Copper’s resource reserve scale and strengthen resource security capability by boosting the company’s international expansion efforts. However, it is noted that the mining projects have yet to commence production. Considerable time, capital, and expertise will be required for subsequent exploration, design, construction, and operation.