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Miramar Resources Limited ( (AU:M2R) ) has provided an update.
Miramar Resources Limited has successfully secured $1.8 million from sophisticated investors through a share placement to fund its exploration programs for gold and critical minerals. This financial boost will allow the company to recommence drilling at its Gidji JV Gold Project and advance its other projects, taking advantage of the current high gold price environment. The placement involves issuing 600 million shares with free attaching options, with plans for further shareholder approvals in March 2025. The company anticipates significant exploration activities throughout 2025, enhancing its position in the gold and critical minerals sectors.
More about Miramar Resources Limited
Miramar Resources Limited is an exploration company primarily focused on gold and critical minerals. The company’s projects include the Gidji JV Gold Project, located near Kalgoorlie, and others such as Bangemall, Whaleshark, and Chain Pool. Miramar aims to explore and develop these resources, particularly in regions with promising mineral prospects.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$1.59M
For a thorough assessment of M2R stock, go to TipRanks’ Stock Analysis page.
