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Australian Mines Raises $4M to Accelerate High-Grade Scandium and Gold Drilling
8:53am on Wednesday 1st of October, 2025 AEST
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Mining
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Australian Mines Raises $4M to Accelerate High-Grade Scandium and Gold Drilling
8:53am on Wednesday 1st of October, 2025 AEST
Key Points
Raised $4 million at $0.02 per share with institutional and European investor backing
Placement price at a 34% premium to 15-day VWAP and 8.8% premium to 5-day VWAP
Funds earmarked for upscaled drilling at Flemington Scandium and Boa Vista Gold projects
Placement options exercisable at $0.032 subject to shareholder approval
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