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Peel Mining Raises $18.75M, Welcomes Tony Schultz to Drive Cobar Basin Growth

9:25am on Monday 29th of September, 2025 AEST Mining
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Peel Mining Raises $18.75M, Welcomes Tony Schultz to Drive Cobar Basin Growth

9:25am on Monday 29th of September, 2025 AEST
Key Points
  • Placement of $16.25 million at $0.085 per share with strong institutional demand
  • Non-underwritten $2.5 million Share Purchase Plan offered to eligible shareholders
  • Sale of St Barbara Limited’s 7.1% stake facilitated as part of the placement
  • Appointment of Tony Schultz as Non-Executive Director, replacing retiring Mark Okeby
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