Cassius Mining Provided Q2FY20 Activities Report

  • Jan 31, 2020 AEDT
  • Team Kalkine

Cassius Mining Limited (ASX: CMD) has released its quarterly activities report for the period ended 31 December 2019.

Gbane Project:

The company has submitted the application for the renewal of the prospecting license. Post the lodgement of the application, CMD had formal discussion with the senior representatives of Ministry of land and Natural resources plus the Mineral Commissions and the parties reached an agreement pertaining to the renewal of contract for 3 years.

Soalara Limestone Project:

The company is in the early stage of discussions, negotiating with the prospective drilling contractors for its planned estimation program.

Placement:

During the quarter, the company announced the capital raising of $156,000 before cost via subscription for 26,000,000 new fully paid ordinary shares at $0.006 per share. The funds raised through the placement would be used for exploration at the project sites.

 

 

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