Anax Metals (ASX:ANX) has completed its placement, raising $6 million to fund drilling at the Whim Creek Copper Project.
The company has issued 176.47 million shares at $0.034 each to new and existing institutional, professional, and sophisticated investors.
As reported by Mining.com.au earlier this month, Anax will use the funds to implement a ‘high-impact’ drilling campaign at Whim Creek, targeting near-mine and extensional opportunities.
Diamond drilling is expected to begin in July 2026, with initial exploration focused on untested extensions of Mons Cupri and Whim Creek deposits.
Anax Metals is an Australian explorer focused on becoming a near-term producer of copper and zinc through its 80%-owned Whim Creek Project in Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Anax Metals
