Gascoyne Resources has raised funds for the development of its Dalgaranga gold project in the Murchison region.

Gascoyne raises $55m for gold project

Perth-based explorer Gascoyne Resources has confirmed a $55 million capital raising to fund development of its Dalgaranga gold project in the Murchison region.

Gascoyne told the market this morning it would raise $50 million from investors through the placement of shares at a price of 50 cents each, and would raise a further $5 million by way of a share purchase plan at the same price.

The proceeds of the raising will be put towards the company’s Dalgaranga project, which has a development capex estimate of $86 million, according to a feasibility study completed in November.


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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/03/17

1 year TSR5 year TSR
246thPacifico Minerals60%-26%
310thGascoyne Resources39%17%
342ndTamaska Oil & Gas32%-39%
486thEuropean Lithium4%-2%
706 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$15k Bought
$5k Bought
$15k Bought
Total value as at the date of the transaction
Source: Morningstar


256th↓Gascoyne Resources$91k
275th-European Lithium$64k
276th↓Tamaska Oil & Gas$62k
278th↑Pacifico Minerals$60k
505 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Gascoyne Resources

385thMichael Dunbar$396k
1368thEva O'Malley$69k
1792ndRodney M Joyce$25k
Ranked by total remuneration from all listed WA companies

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