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Wes Maas Commits $6.5M to Propel NMR’s Queensland Gold Projects
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Wes Maas Commits $6.5M to Propel NMR’s Queensland Gold Projects
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Wes Maas commits to invest up to 19.9% of NMR shares via Entitlement Offer shortfall
Minimum $7.9 million subscription required from existing shareholders or shortfall placement
Funds earmarked for development of Far Fanning and Blackjack gold deposits in Queensland
NMR aims to restart gold production at Charters Towers assets by Q3 2025
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