Ordell Minerals Limited (ASX:ORD) – A$7m Placement

Argonaut acted as Lead Manager and Bookrunner to the placement, which received strong support from existing and new institutional and sophisticated investors.

Proceeds from the placement will fund the ~15,000m drilling program currently underway at Baramia targeting extensions to high-grade mineralisation and new discoveries at the McNabs East Prospect, together with ongoing exploration activities across the broader Barimaia, Goodia and Fisher South Gold Projects.

Congratulations to Managing Director Michael Fowler, Non-Executive Chair Tommy McKeith and the broader Ordell team on the successful transaction. Argonaut’s deal team was led by Eddie Rigg, Rob Telford and Harrison Shepherd, with ECM syndication by Glen Colgan, and Matthew Middlemas.

To learn more, visit the Ordell Minerals website here.