OzAurum Resources Ltd (ASX: OZM) has secured firm commitments to raise AU$1.746 million through a share placement at AU$0.06 per share, issuing 29.1 million new shares. The placement, supported by professional and institutional investors, will fund exploration at the Mulgabbie and Patricia gold projects in Western Australia and the Brazil Niobium project.
The funds will be allocated to further drilling at Mulgabbie North’s Cross Fault Discovery, drill testing new targets, and following up high-grade rock chip results at Patricia. Additionally, exploration will continue at the Target 1 niobium anomaly in Brazil. The placement, completed under ASX Listing Rule 7.1, will settle on 10 March 2025, with a 12% discount to the last traded price. CEO Andrew Pumphrey highlighted the strong investor support and confidence in OzAurum’s exploration strategy, emphasizing the company’s commitment to unlocking significant value for shareholders.
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
Mar 26, 2025
Mar 26, 2025
Mar 26, 2025
Mar 26, 2025
Mar 26, 2025
Mar 26, 2025
Mar 25, 2025
Mar 25, 2025
Mar 25, 2025
Mar 25, 2025
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.
