Alicanto Minerals Raises AU$30 Million to Expand Mt Henry Drilling.
Alicanto Minerals Ltd (ASX: AQI), soon to be renamed Sinclair Gold Ltd, has completed a placement raising AU$30 million through the issue of 19,354,839 fully paid ordinary shares at AU$1.55 per share. The placement received strong support from existing shareholders and new institutional investors, increasing the company’s cash position to approximately AU$41 million. These funds will support an expanded resource growth drilling program at the Mt Henry Gold Project in Western Australia, where four rigs are now operating. The drilling campaign targets extensions along strike and at depth within the 16km mineralised corridor and additional regional exploration targets. The Mt Henry Project hosts a total Mineral Resource of 24.5 million tonnes at 1.2 g/t gold, containing 915,000 ounces, with substantial potential for further growth. Alicanto aims to deliver an updated Mineral Resource for Mt Henry in December 2026.
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Alicanto Minerals Raises AU$30 Million to Expand Mt Henry Drilling.
Alicanto Minerals Ltd (ASX: AQI), soon to be renamed Sinclair Gold Ltd, has completed a placement raising AU$30 million through the issue of 19,354,839 fully paid ordinary shares at AU$1.55 per share. The placement received strong support from existing shareholders and new institutional investors, increasing the company’s cash position to approximately AU$41 million. These funds will support an expanded resource growth drilling program at the Mt Henry Gold Project in Western Australia, where four rigs are now operating. The drilling campaign targets extensions along strike and at depth within the 16km mineralised corridor and additional regional exploration targets. The Mt Henry Project hosts a total Mineral Resource of 24.5 million tonnes at 1.2 g/t gold, containing 915,000 ounces, with substantial potential for further growth. Alicanto aims to deliver an updated Mineral Resource for Mt Henry in December 2026.
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