Gascoyne Resources Limited (AU:SPR) has released an update.
Spartan Resources announces a strategic $80 million equity raise aimed at accelerating the exploration and development of their Dalgaranga Gold Project. The funds will allow for significant advancements, including an underground exploration decline and extensive drilling campaigns for high-grade areas at the project. The capital increase is expected to position the company strongly, with a pro-forma cash balance of $110 million post-fundraising.
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