Gold developer Saturn Metals has announced its third significant capital raise in the space of 15 months, as it aims to further advance its Apollo Hill gold project in the Goldfields.
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Elevate Uranium and Valor Resources have raised funds to advance their uranium projects, while fellow WA companies Saturn Metals and Medallion Metals are continuing their search for gold.
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Aspiring gold producer De Grey Mining has received commitments to raise $100 million, which it will use to fund ongoing exploration at its Mallina project in the Pilbara.
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Goldminer Red 5 is raising $125 million from a two-tranche share placement to fund the final feasibility study for its King of the Hills gold mine in Western Australia.
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Three juniors in the resources sector, including Breaker Resources and Saturn Metals, have raised $12.1 million via share placements, with the funds set to go towards each of their exploratory drilling programs.
Swick Mining Services has announced the first commercial agreement for use of its Orexplore mineral scanning technology, which has been developed over the past seven years.
