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Clara Resources Advances Ashford Drilling, Raises $1.25M Amid Board Reshuffle

4:42am on Monday 2nd of June, 2025 AEST Mining
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Clara Resources Advances Ashford Drilling, Raises $1.25M Amid Board Reshuffle

4:42am on Monday 2nd of June, 2025 AEST
Key Points
  • Ashford drilling program preparations near completion with field work expected in Q2 2025
  • Raised $1.245 million via entitlement offer and placement, with ongoing efforts to place shortfall shares
  • Board reshuffle following director resignations, with a streamlined three-member board appointed
  • Exploration continues at Kildanga Nickel/Cobalt project amid considerations for potential divestment
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