New Century Resources Limited announced a private placement of 139,604,557 shares at a price of AUD 0.155 per share for gross proceeds of AUD 21,638,706.335 on October 27, 2021. The transaction will include participation from Sibanye Stillwater Limited. The shares are subject to a hold period of 12 months. The transaction is expected to close on November 5, 2021. The transaction is subject to approval of shareholders in an annual general meeting to be held on November 30, 2021.