Investigator Silver Chairman Richard Hillis Addresses AGM, Citing DFS Completion and $60 Million Capital Raise

Anjali Anand

09 November 2026 03:33 PM AEDT

Investigator Silver Chairman Richard Hillis Addresses AGM, Citing DFS Completion and $60 Million Capital Raise

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Investigator Silver (ASX:IVR) Chairman Richard Hillis delivered his address to shareholders at the company's Annual General Meeting on 9 November 2026, reviewing the completion of the Paris Definitive Feasibility Study, the declaration of a maiden Ore Reserve, and the raising of more than $60 million across October 2025 and March 2026.

Key Points

Investigator Silver raised more than $60 million across October 2025 and March 2026 to fund development activities.
The Paris Definitive Feasibility Study was completed and a maiden Ore Reserve declared during the 2026 financial year.
The company described itself as transitioning from an explorer to a development company focused on the Paris Silver Project.
Activities during the year included permitting, stakeholder engagement, metallurgical and engineering studies, mine planning, and exploration programs.

Paris Definitive Feasibility Study and Maiden Ore Reserve

Chairman Richard Hillis stated that the completion of the Paris Definitive Feasibility Study and the declaration of a maiden Ore Reserve represented a significant milestone during the 2026 financial year. According to the filing, the DFS confirmed Paris as a technically straightforward development opportunity with attractive economics. The filing describes the Paris Silver Project as one of the largest undeveloped primary silver projects in Australia. Following the DFS release, the company continued to advance permitting and stakeholder engagement activities, metallurgical and engineering studies, mine planning work, and exploration programs.

Capital Raising of More Than $60 Million

The filing states that Investigator Silver successfully raised more than $60 million across two tranches, completed in October 2025 and March 2026. Chairman Hillis noted that the capital was raised at a time when sentiment toward silver was described as strong, and that the raising provided the company with financial capacity to accelerate work across engineering, permitting, exploration and project development while maintaining a strong balance sheet. The filing states that the funds enabled the company to advance activities without being constrained by funding.

Organisational Capacity and Year Ahead

The chairman's address disclosed that Investigator Silver significantly expanded its technical and corporate capacity during the year and continuing after year end, with the stated objective of positioning the company for the opportunities ahead. The filing states that the year ahead will be focused on continuing to de-risk the Paris Silver Project through progress in permitting, engineering, exploration and financing readiness. The company's stated objective is to maximise the value of the Paris Silver Project and to become Australia's next silver producer. The filing notes that the AGM included a subsequent presentation by Lachlan Wallace.

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