Arrow Minerals gets cash injection after receiving shareholder support
$2.4 million worth of shares have now been placed following shareholder approval.
Company
ASX:AMD
Arrow Minerals Limited is an exploration and development company focused on delivering long-term shareholder value through the discovery of economic mineral deposits. The company has implemented a systematic science-based exploration philosophy whilst remaining commercially nimble to ensure we capture and retain value.
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$2.4 million worth of shares have now been placed following shareholder approval.
Sprott Capital Partners supported Pacton Gold enters agreement to purchase an 80% interest in Arrow Pilbara.
The major aircore program has commenced at the T8 prospect.
The company's drilling will cover more than 20 strike kilometres of gold-in-soil anomalies.
Earthworks start next week for 26,000 metres of aircore drilling.
The company's shares are trading circa 19% higher intra-day at $0.037 following the deal.
The company has interest in five projects in Western Australia spanning gold, lithium and nickel.
The Barlee project has potential to host multiple gold deposits.
MMG withdraws from joint venture after spending $4.5 million on exploration.
Results demonstrate the T8 prospect's potential to host a substantial, shallow gold resource.