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Reach Resources Secures $6 Million to Fast-Track Gold Project

9:11am on Friday 12th of June, 2026 AEST Mining
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Reach Resources Secures $6 Million to Fast-Track Gold Project

9:11am on Friday 12th of June, 2026 AEST
Key Points
  • Full allocation of rights issue shortfall raises $3.15 million
  • Andel Resources takes a 9.48% stake via placement and shortfall shares
  • $2 million non-refundable option fee received to advance project approvals
  • Total funding positions Reach Resources for accelerated development
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