Lachlan Star (AU:LSA) has released an update.
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Lachlan Star Limited has announced a successful capital raise of $4.5 million to fund upcoming high-impact copper exploration at the Basin Creek Project in NSW. The funding was secured through share placements to sophisticated and professional investors at a discounted issue price, with drilling operations set to commence in early October. This financial boost aims to advance the company’s exploration endeavors in the resource-rich Lachlan Fold Belt, including the promising high-grade copper sulphide system at Basin Creek.
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