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02 June 2021
Stawell-based Navarre Minerals Limited has announced it has binding commitments to raise $10-million to advance its key gold projects in Victoria.
The company will use the money to accelerate diamond drilling targeting potential resource growth in Stawell Corridor and a potential maiden Mineral Resource site at St Arnaud.
The company will also explore a Morning Bill prospect at Glenlyle.
Managing director Ian Holland said strong investor response reflected significant progress the company had made during the past 12 months on its Victorian gold projects, including the maiden Mineral Resource. “We are delighted with the strong support for our capital raise, which is a vote of confidence in the quality of our people, our assets and our strategy,” he said.
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“Navarre is now well-funded to execute on our drilling plans and create value for our shareholders.
“The remainder of 2021 will be exciting for Navarre shareholders as we focus our efforts on growing the company’s resource inventory and fast-tracking our path to gold production.
“We look forward to updating shareholders on our progress in the coming months.”
The entire June 2, 2021 edition of The Weekly Advertiser is available online. READ IT HERE!