Petratherm Ltd (AU:PTR) has released an update.
Petratherm Ltd has reported promising exploration results from its Muckanippie and Mabel Creek projects in South Australia, revealing high-grade titanium-rich mineral sands and identifying significant copper-gold targets. The company has secured $1.6 million from a successful placement and an additional $1.3 million from a Share Purchase Plan, bolstering its cash reserves to advance drilling activities. These developments highlight Petratherm’s strong potential in the minerals sector, particularly in titanium and copper-gold exploration.
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