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Western Mines Raises $2.7 Million to Accelerate Mulga Tank Exploration
3:15pm on Thursday 6th of August, 2026 AEST
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Mining
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Western Mines Raises $2.7 Million to Accelerate Mulga Tank Exploration
3:15pm on Thursday 6th of August, 2026 AEST
Key Points
Raised approximately A$2.7 million via placement at $0.163 per share
Issued 16.57 million shares with 200,000 shares pending November meeting
Funds earmarked for seismic survey, RC and diamond drilling, assays, and scoping study
Placement shares issued to institutional and sophisticated investors under Section 708A
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