Gascoyne Resources Limited (AU:SPR) has released an update.
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Spartan Resources Limited has successfully raised A$220 million through a placement to institutional investors, aimed at accelerating the re-commencement of operations at the Dalgaranga Gold Project. This capital injection will fund crucial developments including underground mining and infrastructure upgrades, positioning Spartan as a promising mid-tier gold producer. With a strong cash position and no debt, Spartan is poised to enhance its exploration efforts and operational readiness.
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