Cobre Limited (AU:CBE) has released an update.
Cobre Limited has successfully concluded a A$4.0 million funding placement, drawing interest from high-quality institutional investors and securing participation in BHP’s Xplor 2024 Program, which includes US$500,000 in non-dilutive funding to help advance Cobre’s exploration projects. The company is making strides in its Ngami Copper Project with hydrogeological test work to support viable In-Situ Copper Recovery and has also commenced a 2,000m diamond drilling program at its Okavango Copper Project. Additionally, Cobre’s investment in Armada Metals Limited has shown promise with new findings of nickel, copper, and platinum group metals at the Bend Nickel Project.
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