Asara Resources Limited (AS1) – $25m Institutional Placement

Argonaut acted as Joint Lead Manager and Joint Bookrunner to the two-tranche institutional placement, which received strong support from leading Australian and international institutional investors.

Proceeds will be primarily used for exploration activities at Kada, including resource extension and infill drilling at Massan, RC and auger drilling on the Talico and Banan licences, and mapping, trenching, and geophysics across the project.

Argonaut congratulates CEO Matthew Sharples and the Asara team on a successful transaction. The Corporate Finance team was led by Rob Telford and Max Carter-Mazak, with syndication directed by Chris Wippl, Digby Gilmour, and George Ogilvie.