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An announcement from Lykos Metals Limited ( (AU:YUG) ) is now available.
Yugo Metals Limited, a company listed on the Australian Securities Exchange, has announced a successful capital raise of $3.5 million through a two-tranche placement of shares. This funding will primarily support the first phase of a diamond drilling program at the Sinjakovo Project, targeting gold anomalies. The drilling, set to commence in November 2025, aims to validate previous promising results from trenching and rock chip sampling, potentially enhancing the company’s position in gold exploration.
More about Lykos Metals Limited
Average Trading Volume: 358,961
Technical Sentiment Signal: Buy
Find detailed analytics on YUG stock on TipRanks’ Stock Analysis page.