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Strata Minerals Raises $1.6M to Launch Maiden Drilling at Penny South Gold Project

8:38am on Monday 2nd of June, 2025 AEST Mining
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Strata Minerals Raises $1.6M to Launch Maiden Drilling at Penny South Gold Project

8:38am on Monday 2nd of June, 2025 AEST
Key Points
  • Raised $1.6 million via equity placement at $0.03 per share
  • Maiden 2,800m RC drilling program at Penny South to commence imminently
  • Drilling targets extensions of high-grade Penny West and Penny North deposits
  • Additional exploration funding allocated to Biranup Gold Project and working capital
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