Sponsored Content for Damon O'Meara

Octava Minerals has tapped the market for $1 million in a bid to expand the antimony prospect within its Yallalong project in WA, with plans for both extensional and infill drilling. In a further show of support, company directors have also agreed to stump up $150,000 to provide a cash boost that will bolster the funds required for planned exploration programs.

Lithium and gold explorer Octava Minerals hit the ASX boards today opening at $0.27 as it eclipsed its issue price of $0.20 by 35 per cent. After a fully subscribed initial public offering the company successfully raked in $6m with most of the funds earmarked for exploration at the company's flagship Talga lithium joint venture in WA's East Pilbara region.