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Somerset Minerals Secures $2.4M to Launch High-Grade Copper Drill Campaign
6:42am on Monday 2nd of June, 2025 AEST
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Mining
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Somerset Minerals Secures $2.4M to Launch High-Grade Copper Drill Campaign
6:42am on Monday 2nd of June, 2025 AEST
Key Points
Placement raises $2.39 million at 0.9 cents per share with free attaching options
Maiden ~1,500m drill campaign focused on Coronation target scheduled for early July 2025
Coppermine Project covers 1,208 km² with multiple high-grade copper-silver targets
Permitting near completion; shareholder approval pending for tranche 2 placement and options
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