Tolu Minerals Expands Operations and Exploration

Tolu Minerals Limited (AU:TOK) has released an update.

Tolu Minerals Limited reported substantial progress in its Tolukuma mine operations, including the advancement of exploration activities, equipment updates, and refurbishment efforts aimed at capitalizing on favorable metal prices. The company recently completed its IPO on the ASX, raising AU$ 17.3 million, and later secured an additional AU$8.8 million through a share placement to fund further exploration and operational activities. Additionally, Tolu’s strategic acquisition of surrounding exploration licenses significantly enhances its landholding in the mineral-rich regions of Papua New Guinea.

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