North Stawell Minerals Secures AU$1 million to Advance Gold Exploration

North Stawell Minerals Ltd (ASX: NSM), an Australian gold exploration company, has successfully completed an AU$1 million private placement by issuing 33.3 million shares at AU$0.03 each to strategic and sophisticated investors. This marks a significant step in its broader plan to raise AU$1.5 million. The funds will bolster exploration efforts along the Stawell Mineralised Corridor in Victoria, where the company holds 504km² of highly prospective ground. NSM aims to unlock large-scale gold systems, drawing on the success of the nearby Magdala orebody. With 51km of strike extension north of the historic Stawell Gold Field, the company continues to position itself at the forefront of underexplored but promising terrain.

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