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Audalia Resources Limited ( (AU:ACP) ) has issued an update.
Audalia Resources Limited has announced a capital raising initiative to generate $500,000 through the placement of 20 million fully paid ordinary shares to a sophisticated investor. The funds will be used to advance the Medcalf Project by progressing mining design, obtaining necessary permits, and supplementing general working capital, highlighting the company’s ongoing efforts to secure regulatory approvals for project development.
More about Audalia Resources Limited
Audalia Resources Limited is a company operating in the mining industry, focusing on the development of mining projects. Its primary project is the Medcalf Project, for which it is seeking to secure necessary regulatory approvals and permits.
Average Trading Volume: 13,266
Technical Sentiment Signal: Buy
Current Market Cap: A$18.22M
For a thorough assessment of ACP stock, go to TipRanks’ Stock Analysis page.