Carnaby raises funds for exploration
PERTH (miningweekly.com) – ASX-listed Carnaby Resources will raise A$20-million in a non-underwritten placement to accelerate exploration at its Nil Desperandum and Lady Fanny discoveries at the Greater Duchess copper project, in Queensland.
The company would place 15.4-million shares, at a price of A$1.30 each, under its existing placement capacity.
“We are very pleased to have received such overwhelming demand for the placement and welcome a number of high-quality institutional and sophisticated investors onto our share register,” said Carnaby MD Rob Watkins.
“We also welcome the support of OZ Minerals, whose investment is a further validation of the potential of the Nil Desperandum and Lady Fanny early-stage discoveries, as well as the wider Greater Duchess copper/gold project. The proceeds from this placement put us in a very strong position, with A$25.8-million of pro-forma cash to accelerate the drilling and exploration across the Greater Duchess copper/gold project and continue exploration at our West Australia-based projects.”
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation