- Write by:
-
Friday, November 20, 2020 - 3:24:33 PM
-
453 Visit
-
Print
Mining News Pro - Great Southern Mining will raise A$3.12-million to fund exploration work in Western Australia and Queensland.
The junior on Friday announced that it would place 39-million fully paid ordinary shares at 8c each, along with one free attaching option for every four placement shares issued, with an exercise price of 5c each and an expiry date in September 2022.
The shares will be placed under Great Southern’s existing placement facility, and will not require shareholder approval.
“We are pleased to have secured funding enabling us to accelerate our planned drilling activities in the Laverton region,” said CEO Sean Gregory.
“The 2020 drilling programme at Cox’s Find and Mon Ami have delivered the company some excellent outcomes. The additional and highly prospective regional tenure we have acquired during the last six months has also seen Great Southern establish what is now a substantial landholding within the Duketon belt, with some of the dominant regional mineralized structures running right through our tenements,” said Gregory.
Drilling of the two project areas is expected to start shortly.
Short Link:
https://www.miningnews.ir/En/News/608446
A prefeasibility study for Predictive Discovery’s (ASX: PDI) Bankan gold project in Guinea gives it a net present value ...
Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the ...
Ivanhoe Electric (NYSE American: IE) (TSX: IE) terest in the Samapleu-Grata nickel-copper project in Côte d’Ivoire after ...
SolGold has managed to slash the upfront cost of the 100% owned Cascabel project in Ecuador while the company continues ...
Dolly Varden Silver (TSXV: DV) has discovered a new, gold-rich zone to the northwest of its Homestake Silver deposit in ...
Anglo American is in the early stages of exploring for copper and cobalt in Zambia’s North-Western province, its chief ...
Mining News Pro - Canadian junior Adventus Mining is acquiring cohort Luminex Resources in an all-stock deal that ...
Mining News Pro - Alkane Resources has announced further results from its drilling program at the Kaiser deposit, which ...
Mining News Pro - Epiroc is partnering with European consortium Smart Exploration on research dedicated to minerals and ...
No comments have been posted yet ...