Our Mate Creasy has been busy............Hope he not forgotten about usA company controlled by billionaire prospector Mark Creasy has scooped up a 9.6% stake in gold-lithium explorer PGD for $2.25m.
Creasy’s Yandal Investments has subscribed for 4.5m shares at 50c each, plus 1.8m options exercisable at 75c each before 2025.
In January, Yandal paid $3m for a stake in Kalgoorlie gold explorer Zuleika Gold (ASX:ZAG).
Cashed-up PGD now has ~$5.5m to accelerate exploration on its portfolio of gold and lithium projects, which has rapidly expanded since listing in March 2021.
Upcoming exploration includes the drilling of four gold targets mid-year at the Pilbara gold project, which is right next door to Capricorn Metal’s (ASX:CMM) Karlawinda gold mine.
Field activities on PGD’s new lithium project adjacent to Pilbara Minerals’ (ASX
LS) Pilgangoora operations, will also “commence as soon as possible”.
