Enegex Raises A$10.2m to Accelerate Côte d’Ivoire Gold Exploration Push

Enegex Limited ( (AU:ENX) ) has shared an update.

Enegex Limited has raised A$10.2 million via a targeted share placement, boosting its cash position to about A$14.3 million and drawing strong support from existing shareholders and new institutional and high net worth investors. The funding underscores investor confidence in management’s track record and the company’s strategy to leverage lessons from previous Tier-1 discoveries.

Proceeds will accelerate gold exploration across Enegex’s expansive Côte d’Ivoire portfolio, enabling simultaneous work on multiple permits, including ongoing AC drilling and upcoming RC drilling on key prospects within the Tougbe-Gogo group. The capital will also support further ground acquisitions guided by a Tier-1 targeting system and continue exploration on its Australian assets, positioning the company to push towards at least one major greenfields gold discovery over the next two years.

The most recent analyst rating on (AU:ENX) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Enegex Limited stock, see the AU:ENX Stock Forecast page.

More about Enegex Limited

Enegex Limited is an ASX-listed mineral exploration company focused on greenfields gold exploration, principally in Côte d’Ivoire and with existing assets in Australia. The company has assembled a large, highly prospective land position, including the 1,534km² Tougbe-Gogo tenement group, and targets Tier-1 gold discoveries using a disciplined, systematic exploration approach.

Average Trading Volume: 217,312

Technical Sentiment Signal: Buy

Current Market Cap: A$71.73M

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