Audalia Resources Raises $450,000 to Advance Medcalf Project

Audalia Resources Limited ( (AU:ACP) ) has shared an update.

Audalia Resources Limited has announced a capital raising of $450,000 through the placement of 15 million fully paid ordinary shares at $0.03 each to a sophisticated investor. The placement, expected to complete around 22 April 2026 under the company’s existing ASX listing capacity, will fund mining design, permitting, secondary approvals, and evaluation work at the Medcalf Project, while also bolstering general working capital.

The funding underscores Audalia’s ongoing efforts to secure the regulatory approvals and permits needed to advance the Medcalf Project into development. By reinforcing its capital position and focusing on key approvals, the company aims to maintain momentum on its flagship project and support its longer-term growth strategy in the resources sector.

More about Audalia Resources Limited

Audalia Resources Limited is an ASX-listed mining and resources company focused on advancing its Medcalf Project. The company is engaged in progressing mining design, securing mining permits and secondary approvals, and undertaking evaluation work to move the project toward development.

Average Trading Volume: 25,711

Technical Sentiment Signal: Sell

Current Market Cap: A$20.8M

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