Gold-copper explorer makes ASX debut
Torrens Mining has made its first appearance on the ASX this week after raising $10 million to progress its gold and copper exploration in Australia and Papua New Guinea.
The Australian-based explorer holds gold, copper and cobalt prospects in the Victorian Goldfields and Elizabeth Creek in South Australia, along with a pending exploration license at the Laloki copper-gold project in Papua New Guinea.
The company raised $10 million through issuing 50 million shares at 20 cents each.
Torrens stated that its primary focus would be on its Victorian assets, as chairman Bill Bloking said the raising would assist in its development of gold and copper deposits.