Highlights
- North Stawell Minerals launches $3.6M funding initiative
- Exploration progress drives drilling plans at Darlington
- Wildwood and broader corridor targets set for 2025 focus
North Stawell Minerals (ASX:NSM) has announced a combined placement and entitlement offer targeting a total capital raise of up to $3.6 million. This funding initiative marks a significant step forward in strengthening the company’s exploration activities, with a clear emphasis on advancing its key projects in Victoria’s prolific gold belt.
Capital Structure and Offer Details
The raise is structured in two parts—an initial placement to secure approximately $1.5 million, followed by an entitlement offer expected to add another $2.16 million. Shares are being issued at $0.03 each, offering participants a value position relative to recent trading levels. The strategic pricing reflects the company’s commitment to attracting support for its long-term exploration strategy.
Proceeds Target Strategic Exploration and Operations
Funds from this initiative will be used to accelerate exploration at the Darlington target, continue detailed assessments of the Wildwood project, and support general operational needs. The targeted investments aim to build momentum in NSM’s resource discovery pipeline and ensure consistent progress across its tenement holdings.
Of particular note, the Darlington prospect has already yielded promising results. A standout intercept from drillhole NSD057 returned 2.3 meters at 29.2 g/t Au, highlighting the zone’s high-grade potential. These early indicators support a broader strategy of focused resource definition along the 60-kilometre-long Stawell Mineralised Corridor.
Scientific Collaboration and Technical Development
North Stawell Minerals is also leveraging collaborative efforts with CSIRO to refine its understanding of regional mineral systems. This partnership is intended to enhance exploration effectiveness by integrating geophysical and geochemical techniques into the company’s targeting models. Such initiatives are poised to strengthen discovery rates and contribute to a more robust project pipeline.
Outlook for 2025
Looking ahead, NSM has laid out a comprehensive work program for 2025. Plans include follow-up drilling at Darlington, the exploration of satellite gold targets within the Wildwood area, and continued application of advanced subsurface mapping technologies. These efforts align with the company’s broader objective of expanding resource potential while maintaining operational efficiency.
With this capital raise in motion, North Stawell Minerals appears positioned to unlock further potential within its established tenements, while delivering on key exploration objectives in the coming year.