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4 stories mentioning ASX:ANXUpdated 2h ago

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Asia

Anax Metals Reports 24% Rise in Mons Cupri Mineral Resource to Over 6 Million Tonnes

Anax Metals (ASX:ANX) reported an updated mineral resource for the Mons Cupri deposit at its Whim Creek copper-zinc project in Western Australia, with the resource increasing 24% in tonnes to over 6.32 million tonnes at 1.38% copper equivalent, up 20% in contained copper equivalent tonnes to 87,000 tonnes, according to a Tuesday Australian bourse filing.The company said more than 78% of the updated mineral resource, or 4.95 million tonnes at 1.5% copper equivalent, is classified as measured and indicated and expected to be amenable to open-pit mining based on reasonable prospects for eventual economic extraction.The company started a 5,000-meter resource, exploration, and metallurgical drilling program at Mons Cupri in July.

ASX:ANX
Asia

Anax Metals Commences Front-End Engineering Design for Western Australia Copper Project, Shares Down 3%

Anax Metals (ASX:ANX) began front-end engineering design (FEED) for its 80%-owned Whim Creek Copper Project in Western Australia, targeted to support a final investment decision in the fourth quarter of the year, according to a Monday Australian bourse filing.The company said it remains actively engaged with potential financing and strategic partners as part of the ongoing funding process, with select parties shortlisted and site visits and diligence activities advancing as planned.The company's shares fell 3% in recent Monday trade.

ASX:ANX
Asia

Anax Metals Appoints COO; Shares Fall 3%

Anax Metals (ASX:ANX) appointed Danny George as chief operating officer, effective immediately, according to a Thursday filing with the Australian bourse.Additionally, the company attracted strong funding interest for Whim Creek Copper Project, including indicative $40 million debt terms, with due diligence underway.The company's shares fell around 3% in recent Thursday trade.

ASX:ANX
Asia

Anax Metals to Raise AU$6 Million via Share Placement; Shares Down 3%

Anax Metals (ASX:ANX) received firm commitments to raise about AU$6 million through the placement of 176.4 million new shares at AU$0.034 apiece, according to a Wednesday filing with the Australian bourse.Proceeds will be used for a high-impact exploration drilling program targeting near-mine and extensional opportunities at the company's Whim Creek project in Western Australia, the filing said.Shares fell 3% in morning trade on Wednesday.

ASX:ANX

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