Proceeds will be used to fund the following:
• Commencement of mining operations at the Nechalacho Project;
• Construction of extraction plant;
• Processing of mined material;
• Drilling program at the Nechalacho Project to define a preliminary mine plan for its stage 2 production;
• Review historical drilling information and conduct further drilling, bulk sampling and testing at Wigu Hill; and
• General working capital.
Ann: Trading Halt, page-80
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