Dome’s $366K Capital Raise: Can It Accelerate Fiji Mining Ambitions?
Dome Gold Mines has successfully closed its Share Purchase Plan, raising $366,000 to support ongoing exploration and development in Fiji. The company is advancing key projects including the Sigatoka mineral sands and Ono Island gold ventures.
- Share Purchase Plan closed with $366,000 raised
- 2.44 million new shares to be issued by 17 September 2025
- Funds to support exploration and development in Fiji
- Focus on Sigatoka mineral sands, Ono Island gold, and Nadrau copper-gold projects
- Company expresses gratitude to participating shareholders
Successful Capital Raise
Dome Gold Mines Limited (ASX – DME) has announced the closure of its Share Purchase Plan (SPP) on 12 September 2025, with applications totaling $366,000. This capital injection represents the subscription for approximately 2.44 million ordinary fully paid shares, which are expected to be issued by 17 September 2025. The company’s chairman, John McCarthy, extended thanks to shareholders who participated, highlighting their support for Dome’s strategic direction and ongoing work programs.
Backing Fiji’s Mineral Potential
Dome’s focus remains firmly on its portfolio of mineral exploration and development projects in Fiji, a region with significant untapped resources. The company’s flagship Sigatoka project is a heavy mineral sand deposit rich in magnetite. With drilling complete and a definitive feasibility study in its final stages, Dome anticipates commencing production through conventional sand mining and wet processing methods.
Diverse Project Pipeline
Beyond Sigatoka, Dome is progressing its Ono Island epithermal gold project, where initial diamond drilling was conducted in mid-2018, and the Nadrau project, which holds promise for copper-gold porphyry deposits. These projects underscore Dome’s strategy to diversify its resource base across gold, copper, iron, and industrial sands, positioning the company as a potential key player in Fiji’s mining sector.
Experienced Leadership and Local Expertise
With a management team seasoned in Fijian mining operations and exploration activities dating back to 2008, Dome leverages local knowledge to navigate the complexities of resource development in the region. The recent capital raise is expected to bolster these efforts, providing necessary funding to advance feasibility studies and exploration programs.
Looking Ahead
While the announcement does not detail specific allocation of the raised funds or updated production timelines, the successful SPP signals shareholder confidence and provides Dome with a financial platform to push forward its projects. Market watchers will be keen to see how these developments translate into tangible progress in the coming months.
Bottom Line?
Dome’s latest capital raise sets the stage for critical project milestones in Fiji’s evolving mining landscape.
Questions in the middle?
- How will Dome allocate the $366,000 raised through the SPP across its projects?
- When can investors expect updated production timelines or resource estimates from Sigatoka and other projects?
- What are the potential challenges Dome faces in advancing its Fiji mining operations?
