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3D Resources Limited ( (AU:ADG) ) has shared an announcement.
Adelong Gold Limited has secured a strategic investment of $1.25 million, with $1 million from Nova Minerals and $250,000 from Barclay Wells clients, to fund its Adelong Gold project and accelerate exploration at its Apollo and Lauriston projects. This investment not only strengthens Adelong’s financial position but also aligns with Nova Minerals’ interest in critical minerals, enhancing Adelong’s potential for significant discoveries in Australia’s gold corridors. The partnership includes strategic terms such as Nova’s First Right of Refusal on antimony offtake and potential board representation, positioning Adelong for growth and increased shareholder value.
More about 3D Resources Limited
Adelong Gold Limited is a company operating in the mining industry, focusing on gold and antimony exploration and development. The company is involved in projects located in Victoria, Australia, including the Apollo and Lauriston Gold-Antimony Projects, and is engaged in a joint venture for the Adelong Gold project in New South Wales.
Current Market Cap: A$11.58M
See more insights into ADG stock on TipRanks’ Stock Analysis page.