$7M Raised to Accelerate Exploration at Novo Astro & Juruena
Filed with ASX · · 2 pages · English
Summary by 6ix AI
The funds will support extensive drilling programs aimed at expanding known resources and exploring new targets in the region. The placement involves issuing new shares to both existing and new institutional investors, with the first tranche expected to settle soon. Managing Director Dr Andrew Tunks expressed confidence in the company's exploration potential and the support from shareholders.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Story so far
Earlier from Meteoric Resources NL
- Visible Gold Hit in First Ever Drilling at Novo Astro
- Drilling Extends High Grade & Discovers Porphyry Au-Cu Zone
- Juruena Continues to Deliver Bonanza Grades
- Diamond Drilling to Commence at Novo Astro
- Fresh Bonanza Grades at Juruena
Later from Meteoric Resources NL
- High-Grade Gold Intersected in First Novo Astro Hole
- High-Grade Shoot Intersected Below Current Juruena Resource
- Operational Update - Meteoric Maintains Strong Cash Position
- Drilling of High-Grade Gold & Porphyry Targets Commences
- Voluntary Suspension
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