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Ora Gold ( (AU:NMG) ) has provided an announcement.
New Murchison Gold Limited has successfully placed the shortfall shares from its recent Share Purchase Plan, raising $342,916 through commitments from sophisticated investors. The funds will be used for pre-production capital expenditure, operating costs, and corporate overheads, supporting the development of the Crown Prince Gold Mine, as part of the company’s strategy to become a gold producer.
More about Ora Gold
New Murchison Gold Ltd (ASX:NMG) is a mineral exploration and development company focused on the Garden Gully Gold Project in the Murchison goldfield near Meekatharra, Western Australia. The company holds a substantial package of tenements covering the Abbotts Greenstone Belt, with multiple gold deposits, the most advanced being the Crown Prince Deposit. NMG aims to become a gold producer, having updated its Mineral Resource Estimate and reported a maiden Ore Reserve and Feasibility Study for the Crown Prince Deposit.
YTD Price Performance: 72.73%
Average Trading Volume: 13,574,536
Technical Sentiment Signal: Buy
Current Market Cap: A$199.1M
For an in-depth examination of NMG stock, go to TipRanks’ Overview page.