Flynn Gold (ASX:FG1) has announced a successful capital raising of $3.7M, before costs, through a Placement in December 2022 and an Entitlement Offer in February 2023.
The Australian mineral exploration company says it's is now fully funded for its upcoming exploration programs in northeast Tasmania, with the high priority Phase 2 drilling at the Trafalgar prospect within the Golden Ridge project expected to commence within two weeks.
Flynn Gold says a short diamond drilling program at the Portland project is already underway to test the Popes prospect before the rig heads back to Trafalgar.
It also says assay results are pending on core samples from Phase 1 drilling at Trafalgar.