The placement was made to leading European institutions including one of the world’s largest mining funds.
Proceeds from the placement will be used to accelerate planned exploration programs including drilling and feasibility work at the Company’s Couflens Project in France, progressing the adjacent Aurenere Project in neighbouring Spain and general working capital.
The placement was managed by Tamesis Partners LLP in London.
As a result of its increasing focus on the Couflens and Aurenere projects in the Pyrenees, the Company is looking to rationalise its portfolio of projects outside of Europe, which may include the spin off or sale of non-core projects including the Orpheus Project in the Fraser Range Province of Western Australia.
For further information contact:
Hugo Schumann Robert Behets
Tel: +44 207 478 3900 Tel: +61 8 9322 6322