Golden Deeps Limited has completed a placement of AU$1.78 million

Golden Deeps Limited (ASX: GED) announced that it has successfully secured firm commitments from PAC Partners Securities Pty Ltd and Peak Asset Management, acting as Joint Lead Managers, to place AU$1.78 million. This will involve the issuance of 30,250,000 fully paid ordinary shares at AU$0.059 per share.

These funds will be instrumental in driving its exploration efforts at the Havilah Project in the Lachlan Fold Belt Cu-Au Province of NSW. This includes continuing drilling at the Hazelbrook copper soil and rock chip anomaly, with a focus on the diamond drill hole HVD003, which uncovered promising semi-massive copper and zinc sulphides, veins, and disseminated sulphides across an 80-meter zone in the targeted Sofala Volcanics. The company appreciates the support, which is essential in unlocking the full potential of this exciting project.

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