Can Trek Metals AU$15 Million Capital Raise Fast-Track Drilling at Its High-Grade Kuro Manganese Discovery?
Source: Kapitales Research
Highlights
Trek Metals Limited (ASX: TKM) has secured firm commitments to raise AU$15 million at an issue price of AU$0.15 per share.
The placement was heavily oversubscribed, resulting in scale-backs and the addition of new Australian institutional investors to the register.
Funds will underpin a major RC and diamond drilling campaign at the Kuro manganese discovery within the Christmas Creek Project in Western Australia.
Strong Demand Supports Capital Raising
Trek Metals Limited (ASX: TKM) has completed a strongly supported capital raising of AU$15 million before costs, aimed at advancing exploration at its recently identified Kuro manganese discovery in the Kimberley region of Western Australia. The placement received robust demand from a mix of new and existing sophisticated and institutional investors, resulting in applications being scaled back due to oversubscription.
The capital raise comprises a first tranche of approximately AU$13.55 million through the issue of 90.33 million shares under the company’s existing placement capacity, along with a second tranche of AU$1.45 million subscribed by directors, subject to shareholder approval.
Funding Major Drilling at Christmas Creek
Proceeds from the placement will be directed toward accelerating manganese exploration at the 100%-owned Christmas Creek Project. A large-scale drilling program combining Reverse Circulation and diamond drilling is scheduled to commence in April, targeting below high-grade outcropping manganese mineralisation where recent rock chip samples returned grades of up to 60.1%.
The drilling will also assess extensive gravity and geophysical anomalies interpreted to represent subsurface mineralisation. Supporting work streams include geophysical data integration, refined drill targeting, geological interpretation, and preparatory heritage surveys across multiple target areas.
Positioning for Resource Definition
With a strengthened balance sheet, Trek plans to deploy a multi-rig drilling campaign over much of the year to evaluate the scale and continuity of the Kuro discovery. In parallel, the company intends to progress metallurgical test work on manganese mineralisation while continuing gold and base-metal exploration across the broader Christmas Creek Project area.
Management views the upcoming drilling campaign as a key step toward defining a maiden Mineral Resource and advancing the project through its next phase of exploration.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services.
By continuing to use this site, we assume you consent to this.
Read our
Privacy Policy
and
Terms & Conditions
Can Trek Metals AU$15 Million Capital Raise Fast-Track Drilling at Its High-Grade Kuro Manganese Discovery?
Highlights
Strong Demand Supports Capital Raising
Trek Metals Limited (ASX: TKM) has completed a strongly supported capital raising of AU$15 million before costs, aimed at advancing exploration at its recently identified Kuro manganese discovery in the Kimberley region of Western Australia. The placement received robust demand from a mix of new and existing sophisticated and institutional investors, resulting in applications being scaled back due to oversubscription.
The capital raise comprises a first tranche of approximately AU$13.55 million through the issue of 90.33 million shares under the company’s existing placement capacity, along with a second tranche of AU$1.45 million subscribed by directors, subject to shareholder approval.
Funding Major Drilling at Christmas Creek
Proceeds from the placement will be directed toward accelerating manganese exploration at the 100%-owned Christmas Creek Project. A large-scale drilling program combining Reverse Circulation and diamond drilling is scheduled to commence in April, targeting below high-grade outcropping manganese mineralisation where recent rock chip samples returned grades of up to 60.1%.
The drilling will also assess extensive gravity and geophysical anomalies interpreted to represent subsurface mineralisation. Supporting work streams include geophysical data integration, refined drill targeting, geological interpretation, and preparatory heritage surveys across multiple target areas.
Positioning for Resource Definition
With a strengthened balance sheet, Trek plans to deploy a multi-rig drilling campaign over much of the year to evaluate the scale and continuity of the Kuro discovery. In parallel, the company intends to progress metallurgical test work on manganese mineralisation while continuing gold and base-metal exploration across the broader Christmas Creek Project area.
Management views the upcoming drilling campaign as a key step toward defining a maiden Mineral Resource and advancing the project through its next phase of exploration.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
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