Western Mines Group Ltd (AU:WMG) has released an update.
Western Mines Group Ltd has successfully raised $1.54 million through the issuance of 4.8 million new shares, to fund their ongoing exploration at the Mulga Tank Project. The capital raise saw significant investment from Dundee Corporation, marking them as a major new shareholder, alongside contributions from existing shareholders including Blue Spec Drilling. The funds are earmarked for extensive drilling, assays, and other preparatory work for establishing an initial JORC Mineral Resource.
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