Tempus Resources Ltd. (AU:SMM) has released an update.
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In a strategic move to bolster exploration activities at the Prescott Project, Somerset Minerals Ltd has secured up to $1.0 million in funding through convertible loan notes arranged by RM Corporate Finance Pty Ltd. These funds will support the aggressive pursuit of copper and base metal deposits, with assay and geophysical survey results eagerly awaited. Amidst divesting non-core assets for additional capital, the company’s regional endeavors align with industry giants like BHP, signaling potential for significant discoveries.
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