WIN Metals Raises $5.5M at $0.035 to Fund Radio and Butchers Creek Drilling
WIN Metals has raised A$5.5 million through a heavily oversubscribed placement to fund drilling and development at its Radio Gold Mine and Butchers Creek projects, aiming to fast-track gold production.
- Raised A$5.5 million via oversubscribed share placement at $0.035 per share
- Funds allocated to drilling at Radio Gold Mine and Golden Crown deposit
- Attaching options offered subject to shareholder approval
- Strong investor demand exceeding placement target
- Near-term drilling results expected to advance production timeline
Capital Raising to Propel Gold Projects
WIN Metals Limited (ASX, WIN) has successfully secured A$5.5 million through a heavily oversubscribed share placement priced at 3.5 cents per share. This capital injection is earmarked to accelerate exploration and development activities at the company’s high-grade Radio Gold Mine and Butchers Creek Gold Projects in Western Australia.
The placement attracted strong support from both existing and new sophisticated investors, with demand significantly exceeding the funds sought. Alongside the shares, WIN Metals plans to issue attaching options exercisable at 7 cents each, pending shareholder approval expected in late January 2026.
Focused Deployment of Funds
The proceeds will primarily fund a second phase of resource and exploration drilling at the Radio Gold Mine, following the maiden drill program completed in November 2025. Additionally, drilling and evaluation at the Golden Crown deposit within the Butchers Creek Project will be advanced, aiming to incorporate this deposit into an updated feasibility study.
These efforts are part of WIN Metals’ broader strategy to transition from exploration to production, capitalizing on historically high gold prices. Preparatory works and technical studies will also be supported by the new funding, alongside general working capital needs.
Strategic Positioning and Outlook
Managing Director Steve Norregaard expressed enthusiasm about the company’s progress, highlighting the rapid advancement since acquiring the projects. He emphasized the strong investor confidence and the team’s commitment to bringing gold production into sight in the coming months.
WIN Metals’ portfolio extends beyond gold, with significant nickel and lithium resources in the Southern Goldfields and Kimberley regions, but the current capital raise clearly prioritizes advancing gold assets towards production.
With drilling programs set to commence early next year and shareholder approval for options pending, the company is positioning itself for a pivotal phase of growth and value creation.
Bottom Line?
WIN Metals’ fresh capital positions it well to convert promising resources into gold production, but upcoming drilling results and shareholder votes will be key milestones to watch.
Questions in the middle?
- What will the upcoming drilling results reveal about resource expansion at Radio and Golden Crown?
- How will shareholder approval of attaching options impact WIN Metals’ capital structure and investor sentiment?
- What is the anticipated timeline for transitioning from exploration to commercial gold production?
