Avira Resources Secures AU$506K Capital Raise and Expands Exploration Portfolio

Avira Resources Limited (ASX: AVW) has raised AU$506,000 through firm commitments from institutional, professional, and sophisticated investors, providing crucial funding for its ongoing exploration activities. In a strategic move to expand and diversify its project portfolio, Avira's wholly owned subsidiary, Mount Macpherson Pty Ltd, has entered into a binding Sale Agreement with Resminex Pty Ltd to acquire exploration license E52/4413 and associated mining information. This acquisition enhances Avira's existing exploration projects in the Ashburton Region of Western Australia, complementing its granted license E52/4411 and pending application E52/4439.

The acquisition, valued at AU$75,000 in Avira shares, strengthens the company's Tangadee Project, which targets magmatic Cu-Ni and sediment-hosted Cu-Zn sulfide deposits. Avira is well-positioned for exploration success, with three immediate drill targets identified through VTEM surveys from 2018 and 2023. Increased activity in surrounding tenements by companies like Teck Australia, Dreadnought, Bellavista, Miramar, and Greatland further underscores the region's mineral potential.

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