Lightning Minerals Secures AU$2.5 million to Accelerate Mt Turner Exploration
Lightning Minerals Ltd (ASX: L1M) has successfully raised AU$2.5 million through binding commitments from institutional and sophisticated investors, enabling the Company to advance its aggressive exploration strategy at the Mt Turner Gold Project. The placement, completed in two tranches at AU$0.032 per share, will fund Phase 2 drilling following highly encouraging Phase 1 results, which delivered multiple shallow gold intersections, including standout epithermal mineralisation at Pit 3.
The proceeds will support targeted RC and diamond drilling across refined high-priority zones along the 12km Drummer Fault corridor, as well as expanded soil and rock chip sampling, geological model refinement, and ongoing reconnaissance work. Additional funding will progress soil sampling at the Boree Creek copper-gold project in New South Wales and continue early-stage target generation at the Company’s lithium assets in Brazil’s Lithium Valley. The raise also strengthens general working capital, positioning Lightning Minerals for sustained exploration momentum and potential discovery growth.
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.au.au
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Lightning Minerals Secures AU$2.5 million to Accelerate Mt Turner Exploration
Lightning Minerals Ltd (ASX: L1M) has successfully raised AU$2.5 million through binding commitments from institutional and sophisticated investors, enabling the Company to advance its aggressive exploration strategy at the Mt Turner Gold Project. The placement, completed in two tranches at AU$0.032 per share, will fund Phase 2 drilling following highly encouraging Phase 1 results, which delivered multiple shallow gold intersections, including standout epithermal mineralisation at Pit 3.
The proceeds will support targeted RC and diamond drilling across refined high-priority zones along the 12km Drummer Fault corridor, as well as expanded soil and rock chip sampling, geological model refinement, and ongoing reconnaissance work. Additional funding will progress soil sampling at the Boree Creek copper-gold project in New South Wales and continue early-stage target generation at the Company’s lithium assets in Brazil’s Lithium Valley. The raise also strengthens general working capital, positioning Lightning Minerals for sustained exploration momentum and potential discovery growth.
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.au.au