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Venari Minerals Completes Tranche 2 Placement to Boost Exploration

Story Highlights
  • Venari Minerals NL focuses on mineral resource development, with key projects in lithium and gold.
  • The company raised $4.1 million to advance its exploration portfolio, including the Red Mountain and Needles projects.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Venari Minerals Completes Tranche 2 Placement to Boost Exploration

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Astro Resources NL ( (AU:ASE) ) has issued an update.

Venari Minerals NL has successfully completed the allotment of securities under Tranche 2 of its placement, raising $4,109,184. The funds will be used to advance the company’s exploration portfolio, specifically targeting the delivery of a maiden Mineral Resource Estimate at the Red Mountain Lithium Project and further development of the Needles Gold Project.

More about Astro Resources NL

Venari Minerals NL, formerly known as Astute Metals NL, operates in the mining industry with a focus on exploration projects. The company is primarily involved in the development of mineral resources, with key projects including the Red Mountain Lithium Project and the Needles Gold Project.

Average Trading Volume: 1,985,562

Technical Sentiment Signal: Sell

Current Market Cap: A$11.37M

Find detailed analytics on ASE stock on TipRanks’ Stock Analysis page.

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