Tolu Minerals Limited (ASX: TOK) raises A$27.25M to accelerate its exploration strategy and commission early gravity related gold production at its Tolukuma Gold Mine in Papua New Guinea
May 6, 2025
Argonaut acted as Lead Manager and Bookrunner to the A$27.25 million Placement, which received strong support from new and existing institutional and sophisticated investors.
Proceeds from the raise will fund exploration across mine, near-mine and regional targets, building on the results of a recent Airborne Magneto Telluric survey. Exploration efforts...