The gold and copper explorer has raised £7.6 million through a placing and subscription to fund the launch of its Tulu Kapi Gold Project in Ethiopia. However, the raise was completed at a 17.9% discount to the previous share price, indicating low investor appetite.
The gold and copper exploration company provides an update on the progress of its Tulu Kapi Gold Project in Ethiopia.
The gold and copper exploration company secures a key financing milestone for its Tulu Kapi project in Ethiopia, paving the way for the project's development.
The gold and copper exploration company has appointed a new syndicate member for its Tulu Kapi project, with the member committing to contribute US$23 million of pre-production costs.
The gold and copper exploration company provides an update on the progress of its Tulu Kapi Gold Project in Ethiopia, including preparations for the project launch and financing plan.
The mining company has won a tender for a new exploration licence in Saudi Arabia, significantly expanding its asset portfolio and partnering with a major Australian group.
The gold and copper exploration company secures approvals from co-lenders' boards and committees for its Tulu Kapi project, and reports community support for resettlement plans.
The gold and copper exploration and development company reports progress on the financing and administrative processes for its Tulu Kapi Gold Project in Ethiopia, with key milestones achieved and preparations underway to launch major works.
The gold exploration and development company reports a material upgrade to the mineral resources at its Jibal Qutman Gold Project in Saudi Arabia, with a 23% increase in total ounces and 83% of resources now in the Indicated category.
The gold and copper explorer reports substantial increases to mineral resources at its Hawiah project in Saudi Arabia, boosting the long-term development potential.