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Sipa Resources Limited ( (AU:AUV) ) has shared an announcement.
Auravelle Metals Limited has successfully completed the first tranche of a share placement, issuing 132,803,047 shares at 1.6 cents each, raising $2.125 million. The remaining portion of the $2.5 million capital raise, involving shares to directors and institutional investors, awaits shareholder approval in January 2026. This strategic move supports the company’s exploration efforts and strengthens its financial position.
More about Sipa Resources Limited
Auravelle Metals Limited (ASX: AUV) is an Australian-based exploration company focused on discovering precious, base, and specialty metal deposits, with projects located in South Australia and Western Australia. The company is currently prioritizing gold exploration in the Gawler Craton and the Crown Project near Kalgoorlie.
Average Trading Volume: 2,658,212
Technical Sentiment Signal: Buy
Current Market Cap: A$9.03M
For an in-depth examination of AUV stock, go to TipRanks’ Overview page.