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Clara Resources Australia Limited (ASX:C7A)

ALERT: Price-sensitive ASX Announcement for C7A
Current share price for C7A : $0.003 -0.001 (-25%)+
Announcement
Release
29 Apr 2026 9:33AM
Price at Release
$0.004
Full Release
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Summary
Clara Resources Australia Limited (ASX: C7A) announced an update on its Placement with a significant increase in the size of the Tranche 2 placement from $100,000 to $750,000, bringing the total capital raised to $1.75 million. This increase follows strong demand from sophisticated and professional investors, reflecting the expanded scope of work at the Mareeba Gold Project after a recent geochemistry review. The funds raised will be used for a broader field program to accelerate target definition and ranking, and move towards drill-ready targets at Mareeba. The company is focused on advancing its exploration efforts in Far North Queensland, specifically at its Mareeba Gold Project where modern exploration techniques are being applied.
Key Points
  • Clara Resources Australia Limited announced an upsized Tranche 2 placement.
  • The total capital raise amounts to $1.75 million following high investor demand.
  • Funds will support the Mareeba Gold Project, including expanded field programs.
  • The company applies modern exploration techniques to its projects in Queensland.
  • Tranche 2 placement shares come with an unlisted Placement Option for nil consideration.
  • Board and management to participate for approximately $200,000, pending 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.