Roth­say project gets fund­ing

The Australian Mining Review - - NEWS: EXPLORERS ON THE MOVE - WA

EGANSTREET Re­sources has se­cured $11.9 mil­lion in fund­ing to progress ex­plo­ration and de­vel­op­ment at its Roth­say gold project in WA.

The ex­plorer ob­tained funds through the ex­er­cise and un­der­writ­ing of the com­pany’s listed op­tions, both from ex­ist­ing share­hold­ers and an over­sub­scribed un­der­writ­ing agree­ment.

“This is a fan­tas­tic re­sult for EganStreet which en­sures that we are now fully-funded through to a de­ci­sion to mine at Roth­say, putting us firmly on track to join the ranks of Aus­tralian gold pro­duc­ers next year,” EganStreet man­ag­ing di­rec­tor Marc Du­cler said.

EganStreet plans to de­liver an up­dated Min­eral Re­source es­ti­mate and De­fin­i­tive Feasibility Study in the June quar­ter.

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