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Cyclone Metals Ltd set for new sampling at Macraes South to follow-up 8 g/t gold result proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.
White Cliff Minerals has wrapped up the heritage survey over its 100 per cent owned McCaskill Hill and Cracker Jack prospects, with further sampling and drilling planned for the wider Reedy South Gold Project. The company is planning to assemble a number of mineable ore bodies in the Reedy’s South Gold Project area, which can collectively underpin commercial operations. ....
· Undertook project development activities on the Tiris Low Emission Uranium Project including: o A revised uranium mineral resource estimate is well progressed and is anticipated to be released shortly. o Restating the capital estimate for Tiris along with studies to review new opportunities to lower operating costs o Mobilisation for the extension of water drilling at Tiris o Wood PLC engaged to complete a net emissions study · Work commenced on the company s gold exploration tenements in Mauritania CORPORATE HIGHLIGHTS · The Company successfully completed a Rights Issue to eligible shareholders for 1 share for every 2 shares held post consolidation, at a price of $0.026 per share, with 1,690 shareholders or 83% of the eligible registry participating, and all directors taking up their full entitlement. ....
Highlights: · Aura launched a Rights Issue to eligible shareholders for 1 share for every 2 shares held post share consolidation, at a price of $0.026 per share, with strong support from shareholders. · Three months from the record date, which will announced once confirmed ( Record Date ) the Company will also offer 1 Loyalty Option Rights Issue for every 3 Shares held, with the Loyalty Options having an upfront payment of $0.013 each, an exercise price of $0.052, and expiry of 30 June 2024. · The recent placement coupled with the fully underwritten Rights Issue and Loyalty Options Rights Issue will recapitalise the Company, strongly positioning Aura to expedite the development of the zero emission Tiris Uranium Project. ....