North Stawell Minerals has completed a $1.5 million private placement, bolstering its efforts to explore the promising Stawell Mineralised Corridor in Victoria.
- Raised $1.5 million through private placement at $0.03 per share
- Issued 50 million ordinary shares to sophisticated and strategic investors
- Funds aimed at advancing exploration in the Stawell Mineralised Corridor
- Placement completes equity raising announced in June 2025
- Focus on discovering large-scale gold deposits near Stawell Gold Mine
Completion of Capital Raise
North Stawell Minerals Ltd (ASX – NSM) has successfully completed a private placement, raising a total of $1.5 million through the issuance of 50 million ordinary shares priced at three cents each. This final tranche of 16.7 million shares, raising $500,000, completes the equity raising first announced on 11 June 2025 and partially closed on 23 June 2025.
Strategic Backing for Exploration
The placement attracted sophisticated and strategic gold investors, signaling confidence in North Stawell Minerals’ exploration strategy. The funds are earmarked to support ongoing exploration activities within the Stawell Mineralised Corridor, a region with a rich history of gold production and significant untapped potential.
Exploration Focus and Potential
NSM’s exploration tenure covers 504 square kilometres along a 51-kilometre strike extension of the Stawell Mineralised Corridor, immediately north of the historic Stawell Gold Field, which has yielded over five million ounces of gold. The company is leveraging the Magdala orebody at the Stawell Gold Mine as a model to identify large-scale mineralised systems concealed beneath cover.
Market and Regulatory Context
The placement was conducted under Australian securities regulations with appropriate cleansing notices issued, ensuring compliance and transparency. While the announcement does not detail the specific timeline or milestones for exploration outcomes, the capital injection provides NSM with the financial runway to advance its drilling and geological programs.
Looking Ahead
With the private placement now complete, North Stawell Minerals is positioned to accelerate its search for new gold deposits in a highly prospective corridor. The market will be watching closely for upcoming exploration results that could validate the company’s strategy and potentially unlock significant value for shareholders.
Bottom Line?
The $1.5 million raise sets the stage for North Stawell Minerals’ next phase of exploration in a proven gold district.
Questions in the middle?
- What are the planned exploration milestones and timelines following the capital raise?
- How will the company prioritize its drilling targets within the 51km strike extension?
- What impact could successful discoveries have on NSM’s valuation and future funding needs?