Admiralty Resources NL (AU:ADY) has released an update.
Admiralty Resources NL has announced the issuance of over 135 million new shares, under conditions that did not require disclosure to the recipients, adhering to the Corporations Act regulations. The company, listed on the ASX, is gearing up for the 2024 production launch of its Mariposa Iron Ore Project in Chile, which boasts significant inferred and measured mineral resources. Admiralty’s project benefits from proximity to infrastructure, potentially boosting its resource growth alongside other exploration endeavors in Chile and a cobalt and nickel project in Australia.
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