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Apollo Minerals Limited ( (AU:AON) ) has provided an update.
Apollo Minerals has lodged an Appendix 3B outlining plans to issue up to 70 million new ordinary shares via a placement scheduled for 13 March 2026, enlarging its capital base to fund ongoing exploration and development initiatives. The sizable equity raise underscores management’s drive to secure funding for project advancement, potentially diluting existing holdings but positioning the company to accelerate its strategic programs in a competitive minerals market.
The most recent analyst rating on (AU:AON) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on Apollo Minerals Limited stock, see the AU:AON Stock Forecast page.
More about Apollo Minerals Limited
Apollo Minerals Limited is an ASX-listed resources company engaged in mineral exploration and development, focusing on advancing projects that expand its portfolio of critical minerals opportunities.
YTD Price Performance: 320.0%
Average Trading Volume: 38,835,892
Technical Sentiment Signal: Buy
Current Market Cap: A$35.28M
See more data about AON stock on TipRanks’ Stock Analysis page.