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IronRidge Resources Ltd, an African focused minerals exploration company, has announced its unaudited interim results for 2H20.
Financial and corporate highlights
Exploration and evaluation expenditure during the period was AUS$8 million, resulting in an overall total of AUS$42 million at period end, with continued exploration programmes conducted across the company s projects in Ghana, Côte d Ivoire and Chad.
Cash position of AUS$1.5 million at 31 December 2020 (prior to the exercise of fundraise warrants, as announced on 22 February 2021, raising net proceeds of £3.6 million, the equivalent of AUS$6.4 million).
Acquisition of the Bodite and Bianouan gold licenses in Côte d Ivoire from Major Star SA.
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