Lachlan Star Limited (ASX: LSA) announced that it has successfully secured firm commitments to raise AU$ 4.5 million through a share placement targeted at sophisticated and professional investors. This presents an incredible opportunity for investors to be part of its exciting developments. The Placement will issue approximately 45 million shares at an issue price of AU$0.10 per share.
The raised funds will drive extensive exploration programs across its copper and gold assets in the highly prospective Lachlan Fold Belt of New South Wales. This includes an upcoming drilling initiative at the Basin Creek Prospect to investigate further high-grade copper intersections identified in historical drilling. The company plans to comprehensively drill up to 2,500 meters of diamond at Basin Creek to test the high-grade semi-massive copper sulphide system and broader disseminated copper-rich halo.
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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.
