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Pan Asia Metals Ltd. ( (AU:FLG) ) just unveiled an announcement.
Flagship Minerals Limited has successfully raised A$1.25 million through a share placement to fund its Pantanillo Gold Project and Rosario Copper Project. The funds will be used to convert and potentially expand the mineral resources at Pantanillo to JORC compliance, with plans for drilling and environmental studies. This strategic move aims to enhance the company’s asset valuation and advance its projects closer to feasibility and production, potentially benefiting shareholders and positioning the company more competitively in the market.
More about Pan Asia Metals Ltd.
Flagship Minerals Limited is a company operating in the mining industry, focusing on gold and copper projects. Its primary projects include the Pantanillo Gold Project and the Rosario Copper Project, with a market focus on advancing these mineral resources to production stages.
Average Trading Volume: 104,005
Technical Sentiment Signal: Sell
Current Market Cap: A$14.25M
Find detailed analytics on FLG stock on TipRanks’ Stock Analysis page.
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