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Kin Mining NL ( (AU:PTN) ) has provided an announcement.
Geopacific Resources Limited has successfully raised A$40 million through a renounceable entitlement offer, strongly supported by current shareholders. This funding will support the company’s exploration and growth plans for the Woodlark Gold Project, including a comprehensive drilling program and an updated Definitive Feasibility Study scheduled for completion by the end of 2025. The company aims to extend known gold mineralization and explore new targets, enhancing resource potential and generating share price catalysts. Deutsche Balaton and its associates are expected to hold a significant interest in the company following the share allocation.
More about Kin Mining NL
YTD Price Performance: 16.00%
Average Trading Volume: 1,368,366
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$94.97M
See more insights into PTN stock on TipRanks’ Stock Analysis page.
