Koba Resources Secures $1.7M for Yarramba Uranium Project Expansion

An announcement from Koba Resources Limited ( (AU:KOB) ) is now available.

Koba Resources Limited has announced a capital raise of approximately $1.7 million to fund its Phase 2 drilling program at the Yarramba Uranium Project. The funds will be raised through a placement to sophisticated investors and a non-renounceable entitlement issue to eligible shareholders. The capital will support further exploration following successful initial drilling that revealed three high-grade uranium prospects. This move is expected to enhance Koba’s exploration capabilities and strengthen its position in the uranium mining sector.

More about Koba Resources Limited

Koba Resources Limited is a company operating in the mining industry, focusing on uranium exploration. Its primary project is the Yarramba Uranium Project located in South Australia, which is known for its significant potential for high-grade uranium discoveries.

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Technical Sentiment Signal: Sell

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