Astral Resources NL (AU:AAR) has released an update.
Astral Resources NL has successfully raised approximately $25 million through a two-tranche share placement, strongly backed by investors, to fund accelerated exploration and evaluation of its Mandilla and Feysville Gold Projects. The placement, priced at a slight discount, will allow the completion of crucial Pre-Feasibility and Definitive Feasibility Studies for the gold projects. The company’s recent financial move secures its operations through the final investment decision, highlighting investor confidence in the potential of Astral’s gold assets.
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