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Comet Resources raises $1 million in placement to support exploration in Australia and Mexico Funds will primarily be used at the Barraba Copper Project with exploration to be expanded to include two historic mine areas. The placement is priced at a 10% discount to the last closing price of Comet shares on February 4 Comet Resources Ltd (ASX:CRL) has received commitments for a placement to raise $1 million, bringing several new strategic shareholders to the register and providing additional cash to support exploration activities at projects in Australia and Mexico. This will enable Comet to expand its exploration scope at the Barraba Project in NSW to include further exploration at the historic Murchison Mine in addition to planned exploration works at the historic Gulf Creek mine. ....
Funds raised to be used to support work at the Santa Teresa and Barraba Projects including expansion of exploration activities at the Barraba Project to include the historic Murchison Mine area Highlights Shares to be issued at 2c with a 1 for 2 option at 3c Funds raised to be used to support work at the Santa Teresa and Barraba Projects including expansion of exploration activities at the Barraba Project to include the historic Murchison Mine area Comet Resources Ltd (ASX:CRL) is pleased to announce it has received commitments for a placement of 50,000,000 new fully paid ordinary shares in Comet (Placement Shares) to eligible sophisticated and institutional investors at $0.02 per New Share (the Placement) with a 1 for 2 free attaching option exercisable at $0.03 and expiring 2 years from date of issue (Placement Options). ....
Comet Resources Limited (Comet or the Company) (ASX:CRL), is pleased provide the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2020 (the Quarter). Highlights: • Successful completion of a Share Purchase Plan, which raised $1 million • Santa Teresa Gold Project initial JORC compliant Inferred Mineral Resource estimate of 88.6koz at 7.47g/t gold Knowledge gained to be used to assist in planning for Comet’s upcoming drilling program • Appointment of Interminco Services as Project Manager for Santa Teresa • Initial Field Program completed at the Murchison Mine at the Barraba Copper Project Extensive surface mineralisation identified Post Quarter End • High Grade Copper and Zinc assays received from Initial Field Program at the Murchison Mine at the Barraba Copper Project ....
Comet has now received complete assay results from samples taken from the historical high grade Murchison Copper Mine site and the Gulf Creek North prospects. Highlights: Copper assay results up to 4.6%, zinc up to 4.0% and cobalt up to 0.7% from mine dump samples at the historic Murchison Mine site Soil geochemical sampling and analysis confirms surface copper mineralisation around the Murchison Mine, with mineralisation open to the West and East The above results have now confirmed that the Murchison Mine is a high priority drill target within the broader Barraba Copper Project Further exploration works being planned to follow on from these encouraging results ....