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Apollo Minerals Limited (ASX:AON)

ALERT: Price-sensitive ASX Announcement for AON
Current share price for AON : $0.040 0.01 (33.33%)+
Announcement
Release
30 Jan 2026 10:01AM
Price at Release
$0.030
Full Release
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Summary
Apollo Minerals Limited announced a successful $6.5 million placement to advance their Couflens High Grade Tungsten Gold Project in southern France. The company secured commitments from investors for approximately 213 million new shares, raising A$5.75 million, with additional participation from directors and officers pending shareholder approval. This placement aims to support exploration and development activities at the Couflens Project, which includes the historical Salau tungsten mine. The placement will be executed in two tranches with significant investor support reflecting confidence in the project’s potential.
Key Points
  • Successful $6.5 million placement for Couflens Project.
  • 213 million new shares to raise A$5.75 million.
  • Additional A$0.8 million from directors and officers pending approval.
  • Support for exploration and development in southern France.
  • Historical Salau mine included in the project.
  • Placement in two tranches with strong investor backing.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.