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Olympio Metals Limited (ASX:OLY)

ALERT: Price-sensitive ASX Announcement for OLY
Current share price for OLY : $0.040 -0.035 (-46.67%)+
Announcement
Release
5 Nov 2025 9:30AM
Price at Release
$0.075
Full Release
download
Summary
Olympio Metals Limited announced the successful raising of A$1.25 million through a share placement, issuing 19,230,770 new shares at A$0.065 each, alongside options, to fund further exploration at its Bousquet Gold Project in Quebec, Canada. The initial diamond drill program at Bousquet has shown promising results, with significant gold mineralisation intersected in over 85% of the drill holes. The funds will be directed towards the next phase of drilling, focusing on expanding the Paquin Prospect and aiming to establish a maiden Mineral Resource Estimate (MRE). The Bousquet Project, situated near other major gold mines, has the potential to significantly contribute to Olympio’s exploration portfolio, with plans to target additional regional prospects.
Key Points
  • Olympio raises A$1.25 million via share placement.
  • 19,230,770 new shares issued at A$0.065 per share.
  • Funds to advance Bousquet Gold Project in Quebec.
  • Initial drilling intersected significant gold mineralisation.
  • Over 85% of holes showed promising results.
  • Next phase to focus on Paquin Prospect for a maiden MRE.
  • Bousquet Project located near major gold mines.
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.