Antipa Minerals Limited (AU:AZY) has released an update.
Antipa Minerals Ltd has successfully secured $6.75 million in funding, with $5.75 million raised through a heavily subscribed placement of new shares to institutional and sophisticated investors, headlined by mining investment firm Lion Selection Group. The funds are earmarked for the continued development and expansion of the company’s flagship Minyari Dome Gold-Copper Project, including an anticipated resource estimate update and a scoping study update. Additionally, a unique drill-for-equity deal with Topdrill Pty Ltd contributes up to $1 million for future drilling services.
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