Zenith Minerals Raises A$1.44 Million for Expansion

Zenith Minerals Limited (AU:ZNC) has released an update.

Zenith Minerals Limited has successfully secured A$1.44 million through a share placement at A$0.045 per share, with additional director contributions pending shareholder approval. The funds will primarily enhance drilling operations at Dulcie Far North and Red Mountain, aiming to expand resources and uncover new prospects. Following the placement, a Share Purchase Plan (SPP) will offer existing shareholders the chance to invest further, with a goal of raising an extra A$500,000.

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