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Wes Maas Commits $6.5M to Propel NMR’s Queensland Gold Projects

3:40pm on Friday 24th of January, 2025 AEDT Mining
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Wes Maas Commits $6.5M to Propel NMR’s Queensland Gold Projects

3:40pm on Friday 24th of January, 2025 AEDT
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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