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Clara Resources Advances Ashford Project and Strengthens Capital Management

Story Highlights
  • Clara Resources is advancing its Ashford Coking Coal Project with a new drilling program.
  • The company raised $1.245 million through an entitlement offer and placement for capital management.
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Clara Resources Advances Ashford Project and Strengthens Capital Management

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An announcement from Aus Tin Mining Limited ( (AU:C7A) ) is now available.

Clara Resources Limited, operating in the mining industry, is advancing its Ashford Coking Coal Project with a planned drilling program aimed at upgrading the JORC resource classification and enhancing coal quality data. This initiative is expected to refine mining plans and improve cost accuracy, with fieldwork set to begin in Q2 2025. Additionally, Clara has raised $1.245 million through an entitlement offer and placement to support its capital management strategy. The company is also addressing director loans related to its acquisition of the Ashford Coal Project, with loan extensions agreed upon with key directors.

More about Aus Tin Mining Limited

Technical Sentiment Signal: Buy

Current Market Cap: A$2.56M

Find detailed analytics on C7A stock on TipRanks’ Stock Analysis page.

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