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Breakthrough Minerals Limited (ASX:BTM)

ALERT: Price-sensitive ASX Announcement for BTM
Current share price for BTM : $0.175 -0.02 (-10.26%)+
Announcement
Release
4 May 2026 9:33AM
Price at Release
$0.195
Full Release
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Summary
Breakthrough Minerals Limited (ASX: BTM) announced that it has secured commitments to raise $5.15 million through the placement of 30,294,118 new fully paid ordinary shares at an offer price of A$0.17 per share. This capital will fund an expanded 10,000-meter diamond drilling campaign at the North Queensland Copper-Gold Project, particularly targeting resource growth at the Barbara and Hazel Creek copper-gold projects. The NQCG Project currently hosts a JORC (2012) Mineral Resource of 18.8 million tonnes at 1.07% CuEq (~200,000 tonnes contained CuEq), with significant potential for growth. The placement was strongly supported by existing shareholders and new institutional investors, underscoring confidence in the company's strategic direction.
Key Points
  • Firm commitments to raise A$5.15 million via placement.
  • Issue of 30,294,118 new shares at A$0.17 each.
  • Proceeds to fund 10,000-meter drilling campaign at NQCG Project.
  • Focus on expanding resources at Barbara and Hazel Creek.
  • NQCG Project hosts 18.8Mt at 1.07% CuEq.
  • Strong support from existing and new investors.
  • Euroz Hartleys Limited and ORA Capital Pty Ltd involved as managers.
  • Two-tranche placement structure, with part subject to shareholder approval.
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.