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Mr Fotios said the $30 million placement would allow the gold miner to progress a number of projects

Eastern to raise $30m for Davyhurst and Mt Ida

Eastern Goldfields has announced a conditional deal with an international asset manager to raise up to $30 million, with the proceeds used to maintain operations at the company’s Davyhurst gold operation and undertake feasibility studies on its Mt Ida project.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/06/18

1 year TSR5 year TSR
26thPolarX400%0%
640thRed Hill Iron-27%-10%
774thInfinity Lithium-63%9%
795thEastern Goldfields-67%-47%
722 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

06/04/18
$1.3m Other
06/04/18
$1.3m Issued
06/04/18
$302k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

404th↓Eastern Goldfields$0
468th↓Infinity Lithium$0
469th↓PolarX$0
471st↓Red Emperor Resources$0
472nd↓Red Hill Iron$0
507 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Eastern Goldfields

50thMichael Fotios$954k
146thCraig Readhead$254k
426thAlan Still$254k
Ranked by total remuneration from all listed WA companies

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