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The latest update is out from Woomera Mining Ltd. ( (AU:OB1) ).
Orbminco Limited has announced a 1 for 2 Entitlement Offer to raise up to $1.08 million, priced at a significant discount to the recent trading average. The funds will be allocated to exploration activities at the Bronze Fox Copper-Gold Project, including geophysical surveys and drilling programs targeting high-grade mineralization at West Kasulu and Shuteen North. This initiative is expected to enhance the company’s resource base and potentially transform its operational capabilities.
More about Woomera Mining Ltd.
Orbminco Limited is a company engaged in the mining industry, focusing on the exploration and development of copper and gold resources. The company is particularly involved in projects such as the Bronze Fox Copper-Gold Project, aiming to discover high-grade mineral deposits.
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$3.25M
See more insights into OB1 stock on TipRanks’ Stock Analysis page.