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Plc Resources Limited (ASX:PLC)

ALERT: Price-sensitive ASX Announcement for PLC
Current share price for PLC : $0.008 -0.002 (-15.79%)+
Announcement
Release
18 May 2026 10:00AM
Price at Release
$0.010
Full Release
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Summary
PLC Resources Limited has raised A$1.8 million through a placement of 225,000,000 new fully paid ordinary shares at A$0.008 per share. The funds are intended for advancing their gold exploration projects in Western Australia, specifically the Yalgoo and Abbotts North Gold Projects, and for general working capital. Exploration activities will include RC drilling, geochemical and geophysical surveys, and geological mapping. The projects focus on the Yalgoo-Singleton Greenstone Belt and the Murchison Region, both known for their high prospectivity for gold.
Key Points
  • A$1.8 million raised through share placement
  • Funds allocated to Yalgoo and Abbotts North Gold Projects
  • Shares issued at A$0.008 per share
  • Placement conducted under existing ASX listing rules
  • Exploration activities include RC drilling and surveys
  • Focus on Yalgoo-Singleton Greenstone Belt and Murchison Region
  • Placement shares to rank pari passu with existing shares
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.