Augustus Minerals Limited (ASX: AUG) has raised AU$1.6 million by placing ordinary shares and options. The funds will support activities including diamond drilling at Minnie Springs Cu-Mo porphyry, VTEM Helicopter program for testing primary targets, soil and rock chip sampling for Gold and Copper targets, fieldwork at the Munaballya Well Uranium Target, and exploration along the TiTree Shear. The company plans to accelerate exploration at Ti-Tree 2 and conduct geophysics programs to test for potential mineral deposits. Working capital and placement costs are also part of the fund allocation.
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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.
