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Western Yilgarn NL (ASX: WYX) has successfully raised AU$520,000 through a share placement to advance exploration at its key projects—Julimar West and the New Norcia Bauxite-Gallium Project in Western Australia. The placement, supported by sophisticated investors and major shareholders, involved issuing 14.44 million shares at AU$0.036 each. Bell Potter acted as lead manager, also receiving unlisted options as part of the deal.
Funds will drive scoping studies, metallurgical test work, and drilling, particularly at New Norcia, aiming to define a JORC-compliant resource. The Julimar West Project lies near Chalice Mining’s world-class Gonneville resource, enhancing its strategic significance. Western Yilgarn’s broader portfolio includes the Ida Holmes and Boodanoo projects, located near major nickel, lithium, and gold operations. With growing investor confidence and strategic landholdings, the company is positioning itself as a leading explorer in one of Australia’s most prospective mineral regions.
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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.
