Musgrave Minerals Ltd (ASX:MGV) (FRA:6MU) (OTCMKTS:MGVMF) is an Australian resources company focused on gold exploration and development at the Cue Project in the Murchison Province of Western Australia.
Musgrave Minerals Ltd (ASX:MGV) Quarterly Activities & Cashflow Report
FRA:6MU) is an Australian resources company focused on gold exploration and development at the Cue Project in the Murchison Province of Western Australia (Figures 1 and 2 ).
At the Cue Project, the total project gold resources (Indicated and Inferred) have increased to 6.59Mt @ 3.2g/t Au for 659koz Au following a Mineral Resource update for the Break of Day deposit announced in November 2020 that included the new Starlight discovery (see MGV ASX announcement 11 November 2020, Break of Day High-Grade Mineral Resource Estimate ). Prefeasibility level studies have commenced at Break of Day and Lena.
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Theta Gold Mines Limited (ASX:TGM) Funds Raised to Support Mine Study and Development
Funds Raised to Support Mine Study and DevelopmentSydney, Mar 15, 2021 AEST (ABN Newswire) - Theta Gold Mines Limited (
OTCMKTS:TGMGF) is pleased to advise that the Company will issue a total of 15,027,819 fully paid ordinary shares at AUD0.275 per share, 11,391,455 shares pursuant to a share placement to sophisticated and professional investors to raise AUD3,132,650 before costs, and 3,636,364 shares on full conversion of a AUD1,000,000 cash advance.
The funds raised from the share placement will be used for -
a) Project expenditure (open-pit and underground), including permitting, underground mine prefeasibility study, reserve conversion, tailings infrastructure, etc