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Avenira launches $49 million rights issue to develop Wonarah phosphate mine
9:18am on Monday 17th of August, 2026 AEST
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Mining
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Avenira launches $49 million rights issue to develop Wonarah phosphate mine
9:18am on Monday 17th of August, 2026 AEST
Key Points
Three-for-two renounceable rights issue at 0.6 cents per share
Funds earmarked for mining fleet, infrastructure, and mine development
Major shareholder Hebang to maintain 60% stake by participating fully
Pre-strip mining activities targeted for Q4 2026, first shipments in H1 2027
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