Cassius Mining Limited

Cassius Mining Limited has raised A$2.025 million through a discounted placement as it seeks to advance its Soalara Limestone Project in Madagascar while continuing international arbitration proceedings against the Government of Ghana. The financing gives the ASX-listed explorer additional liquidity only weeks after it reported less than one quarter of estimated funding at its June-quarter spending rate, but it also materially expands the company’s equity base and potentially adds another large block of options.