USE OF PROCEEDS
Proceeds raised pursuant to the Placement will be used to fund:
• A Maiden RC drill program at its 100% owned VMS-Base metals targets at the Gidgee North Project
• DHEM surveys on priority RC drill-holes at Gidgee North
• Soil geochemistry, geophysics and targeting of additional prospects at Gidgee North between the
Breakaway Bore and Griffin Prospects
• RC Drilling of identified gold targets at the historical Birrigrin Mining Centre, Gidgee South Project
• Field reconnaissance and soil geochemistry over the Opaline Well AEM identified conductors
• Corporate costs and general working capital requirements.
The immediate priority of the Company is commencement of RC drilling at the VMS style base-metal
targets at the Gidgee North Project (see ASX Announcement 23 February, “VMS Base metal targets
confirmed at Gidgee North”). The Gidgee North maiden RC drilling program will initially test up to ten
priority VMS targets (Figure 1), including Geo, NW Gossan, Moses, Discrete, Gumtree, Airstrip (two
targets), Breakaway Bore (two targets) and Vela (historical intercepts include 8m @1.12% Cu from 48m
(to EOH in GVER101).
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Ann: Placement to Accelerate Exploration at Gidgee North, page-2
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Last
0.9¢ |
Change
0.001(12.5%) |
Mkt cap ! $3.588M |
Open | High | Low | Value | Volume |
0.8¢ | 0.9¢ | 0.8¢ | $5.11K | 623.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1431482 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.9¢ | 2852598 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1431482 | 0.008 |
12 | 2847697 | 0.007 |
6 | 1976661 | 0.006 |
4 | 1900100 | 0.005 |
2 | 1700000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 2852598 | 3 |
0.010 | 1998041 | 5 |
0.011 | 430000 | 2 |
0.012 | 83416 | 2 |
0.013 | 200000 | 1 |
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