07 May 2024
07 May 2024
The company plans to allocate the net proceeds towards working capital and general corporate purposes.
Oil and gas operations require significant energy input due to the intensive nature of drilling, extracting, processing, and refining. Improving the efficiency of such operations, particularly at refineries, can have a significant impact on Scope 1 and 2 emissions.
Susanne acquired an additional 450.2 million shares for A$460,169, raising her interest from 15.83% to 16.85%.
The $25.03bn offer was deemed insufficient and laden with "inadmissible conditions" by the office of Brazil's solicitor general.
This initiative is set to contribute to a steady state annualised gold production target of between 100koz to 120koz from FY27.
The funds will be used for the completion of the Costa Fuego pre-feasibility study and its environmental impact assessment.
The project lies within the GBMZ, known for its iron oxide-copper-gold and uranium potential.
Proceeds will be used by the company for its lithium extraction plant and general working capital needs.
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