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Burley Minerals Ltd (ASX:BUR)

ALERT: Price-sensitive ASX Announcement for BUR
Current share price for BUR : $0.025 0.003 (13.64%)+
Announcement
Release
10 Jun 2026 9:48AM
Price at Release
$0.022
Full Release
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Summary
Burley Minerals Limited announced the successful conclusion of its Share Purchase Plan (SPP), which was oversubscribed. The SPP was a supplement to a previous placement that raised $700,000 from institutional, professional, and sophisticated investors. Due to strong shareholder interest, the company increased the SPP offer size to $313,910. The raised funds are allocated to initiating drilling programs at the Cane Bore Iron Ore Project in Western Australia's Hamersley Province, and further exploration at the Canadian Chubb Lithium Project. The company is preparing for a heritage survey at Cane Bore and anticipates drilling in July, leveraging the project's proximity to infrastructure which supports cost-effective development.
Key Points
  • Share Purchase Plan (SPP) oversubscribed
  • SPP complementing a $700,000 placement
  • SPP offer size increased to $313,910
  • Funds allocated to Cane Bore Iron Ore Project and Canadian Chubb Lithium Project
  • Heritage survey at Cane Bore to commence
  • Drilling expected in July
  • Cane Bore project benefits from nearby infrastructure
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.