Argonaut acted as Lead Manager to a $4.9m Placement for BlackEarth Minerals NL (ASX:BEM). The Offer was underpinned by strong support from a number of new domestic and international institutional and sophisticated investors.
The Company is now well positioned to advance the Definitive Feasibility Study (DFS) at it’s flagship Maniry Graphite Project in Madagascar. Offer funds will also be utilised towards continuing extensional & exploration drilling at Maniry and other in country high-grade targets.
Argonaut is delighted to support BlackEarth Minerals and looks forward to the Company’s ongoing success.
Additional information regarding BlackEarth Minerals can be found on the Company’s website at https://blackearthminerals.com.au/