Rothsay project gets funding
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.