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Austin Metals Limited (ASX:AYT)

ALERT: Price-sensitive ASX Announcement for AYT
Current share price for AYT : $0.004 -0.003 (-41.67%)+
Announcement
Release
10 Dec 2025 9:54AM
Price at Release
$0.006
Full Release
download
Summary
Austin Metals Limited, an Australian gold and precious metals exploration company, announced it received firm commitments to raise $3 million through a placement of up to 600,000,000 fully paid ordinary shares at a price of $0.005 per share. The funds will be used to accelerate exploration efforts at the Austin Gold Project, located in the highly prospective Murchison Region of Western Australia. The placement is divided into two tranches, with Tranche 1 raising $1.98 million and Tranche 2 contingent on shareholder approval in early 2026. The exploration focus will be on the Mt Sandy and Brunswick Hill Prospects, with drilling of high-priority targets expected to commence in early 2026. The placement has been well-supported by both new and existing investors, and will also support ongoing business development and general working capital.
Key Points
  • Firm commitments received to raise $3m in a placement
  • Funds to be used for exploration at the Austin Gold Project
  • Placement divided into two tranches
  • Tranche 1 to raise $1.98 million
  • Tranche 2 contingent on shareholder approval
  • Focus on Mt Sandy and Brunswick Hill Prospects
  • Drilling to commence in early 2026
  • Placement supported by new and existing investors
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.