Apollo Minerals Ltd (ASX:AON) has gained a new substantial shareholder in Bennelong Resource Capital Pty Ltd with a 6.2% interest.
The company paid $1.58 million cash for its 10.55 million shares representing a purchase price of 15 cents each.
READ: Apollo Minerals continues to make progress with the revitalisation of the Couflens tungsten-gold project
Apollo continues to progress restart work at the Salau Tungsten Mine within its Couflens project in southern France.
The company’s Hugo Schumann presented to investors at the Proactive Mining Capital Conference in London last month.