Bardoc Gold Ltd
Bardoc Gold Ltd (ASX:BDC) is listed on the Australian Securities Exchange.
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Bardoc Gold de-risks pathway to gold production by raising $24 million
Bardoc Gold Ltd (ASX:BDC) has substantially de-risked its pathway to gold production at its namesake project near Kalgoorlie in Western Australia by completing a "transformational" $24 million institutional capital raising.
The share placement, which was strongly supported by Tier-1 Australian and global institutions and strategic investors, underpins the final leg of BDC's transition to development and construction at its flagship 3.02 million-ounce Bardoc Gold Project.
As such, it will assist in definitive feasibility study (DFS) completion, final engineering and accelerated development and exploration.
Well-funded
The proceeds will increase Bardoc's cash reserves to in excess of $35 million, allowing the company to advance its gold development strategy to the next level.
Chief executive officer Robert Ryan said the high level of demand from institutional investors for the placement reflected the strong appetite for advanced, high-quality gold assets in Australia at a time of continued record strength in the gold market.
Other Bardoc Gold Ltd news
- Bardoc Gold kicks off +40,000-metre drill program targeting resource growth and new discoveries
2020-09-15 - Bardoc Gold grows Aphrodite with new wide high-grade gold intercepts
2020-06-25 - Bardoc Gold hits broad high-grade gold outside ore reserves at Zorastrian
2020-05-26 - Bardoc Gold DFS to pave way for mining to start at Bardoc Gold Project by Q3 2021
2020-05-12 - Bardoc Gold high-grade underground hits confirm reserve growth potential
2020-04-23
