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The latest update is out from Miramar Resources Limited ( (AU:M2R) ).
Miramar Resources Limited successfully raised $409,000 through a Share Purchase Plan to fund its gold exploration programs, particularly at the Gidji JV Gold Project. The funds will support further exploration activities, including geophysical surveys and drilling, as the company aims to capitalize on its strategic location and recent discoveries. The issuance of new shares at a discounted rate reflects the company’s commitment to advancing its projects and maintaining shareholder support. Additionally, Miramar is focusing on its core projects while initiating the sale of non-core assets, positioning itself for future growth and development in the gold mining sector.
More about Miramar Resources Limited
Miramar Resources Limited is a company in the mining industry, primarily focused on gold exploration. It operates projects such as the Gidji JV Gold Project and has strategic interests in other high-risk/high-reward ventures like Bangemall and Whaleshark, aiming to prove exploration concepts and secure joint venture partners.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.03M
Find detailed analytics on M2R stock on TipRanks’ Stock Analysis page.