Navarre raises for 1Moz gold chase

VICTORIA-focused gold explorer Navarre Minerals has completed an A$8 million placement to accelerate diamond drilling of Resolution Lode to support a resource estimate, contribute to its 49%-owned Tandarra joint venture, and fast-track exploration of its new Jubilee project.

Navarre raises for 1Moz gold chase Navarre raises for 1Moz gold chase Navarre raises for 1Moz gold chase Navarre raises for 1Moz gold chase Navarre raises for 1Moz gold chase

Navarre is building on decades of Victorian gold production.

The placement was priced at 12.5c per share and was "heavily supported, with strong demand from new investors", according to managing director Geoff McDermott.

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