Australian Potash Limited ( (AU:APC) ) has provided an update.
APC Minerals Limited has announced a renounceable entitlement offer to raise approximately A$1.93 million, which will fund a drilling campaign at the Laverton Downs Gold Project. The company aims to explore high-grade gold intercepts and further develop its projects in Western Australia, enhancing its position in the mining sector. The offer includes a significant discount to the market price and is underwritten, with funds allocated to exploration, heritage surveys, and working capital, potentially impacting shareholder value and project advancement.
More about Australian Potash Limited
APC Minerals Limited is a company operating in the mining industry, focusing on gold exploration and development. Its primary projects include the Laverton Downs Gold Project and the Nexus Project in Western Australia, situated in significant mining belts known for gold mineralization.
YTD Price Performance: 84.62%
Average Trading Volume: 369,452
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2.81M
For detailed information about APC stock, go to TipRanks’ Stock Analysis page.