Navarre Minerals has received binding commitments to raise $10 million in capital, before costs, to advance its key gold projects in Victoria.
The funds will accelerate diamond drilling targeting potential resource growth at the Stawell Corridor and a potential maiden mineral resource at St. Arnaud. It will also advance drilling at the high-potential Morning Bill prospect at Glenlyle.
A strong response from investors showed confidence in the outstanding potential that lies ahead. Navarre’s Managing Director Ian Holland said:
“We are delighted with the strong support for our capital raise which is a vote of confidence in the quality of our people, our assets and our strategy. Navarre is now well-funded to execute on our drilling plans and create value for our shareholders.”
Read the full announcement here: $10M raised to accelerate growth at Victorian gold projects