Augustus Minerals Secures Funding to Accelerate Exploration Activities
Augustus Minerals Limited (ASX: AUG) has secured commitments to raise AU$2.5 million through a placement supported by institutional, strategic, and sophisticated investors. The capital raise, managed by Evolution Capital Pty Ltd, is aimed at accelerating exploration and drilling programs across the company’s key projects in Western Australia and Papua New Guinea.
A major portion of the funds will support the Stage 2 drilling campaign at the Music Well Project, including a 2,300-metre drilling program at Clifton East and additional RC drilling at the St Patrick’s Well target. The company will also undertake extensive soil and rock-chip sampling to advance new prospects toward drill-ready status. Further exploration activities include electromagnetic surveys at the Ti-Tree Project and fieldwork at the Vanapa River Project in PNG. Funds will also assist with licensing-related costs for the Mt Kare Gold Project. The placement shares were issued at AU$0.04 each, reflecting a slight reduction compared to the company’s previous closing share price.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Augustus Minerals Secures Funding to Accelerate Exploration Activities
Augustus Minerals Limited (ASX: AUG) has secured commitments to raise AU$2.5 million through a placement supported by institutional, strategic, and sophisticated investors. The capital raise, managed by Evolution Capital Pty Ltd, is aimed at accelerating exploration and drilling programs across the company’s key projects in Western Australia and Papua New Guinea.
A major portion of the funds will support the Stage 2 drilling campaign at the Music Well Project, including a 2,300-metre drilling program at Clifton East and additional RC drilling at the St Patrick’s Well target. The company will also undertake extensive soil and rock-chip sampling to advance new prospects toward drill-ready status. Further exploration activities include electromagnetic surveys at the Ti-Tree Project and fieldwork at the Vanapa River Project in PNG. Funds will also assist with licensing-related costs for the Mt Kare Gold Project. The placement shares were issued at AU$0.04 each, reflecting a slight reduction compared to the company’s previous closing share price.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au