Adriatic Metals has raised A$80 million in an institutional placing. The funds will help fast-track its Vares Processing Plant expansion in Bosnia & Herzegovina.
Meanwhile, KEFI Gold and Copper has increased its mineral resource estimate at the Hawiah project in Saudi Arabia. The total resource is up 26% to just over 38 million tonnes, with most now classified as "indicated."
And Great Southern Copper has completed Phase 1 drilling at the Mostaza mine, part of its Cerro Negro project in Chile. All nine holes hit visible copper, with lab results expected soon.
Frontier IP’s portfolio company Alusid has launched a new tile range with Topps Tiles. The "Mas" tiles are made from 98.5% recycled waste and cut carbon emissions by 51%.
Finally, Foresight Solar Fund is cutting investment manager fees and linking them more closely to share price performance. The board is also reshuffling, with Tony Roper set to take over as chair in September.
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