en.Wedoany.com Reported - Lightning Minerals is advancing exploration at the Mt Turner gold project in North Queensland through an A$1.85 million financing. Company CEO Troy Brice stated that the placement received strong investor demand, but the company chose a moderate fundraising scale, emphasizing disciplined capital allocation and results delivery to build shareholder confidence.

The funds will primarily support a diamond drilling program at the Mt Turner gold project. Lightning Minerals plans to drill five holes, laying the groundwork for future mineral resource estimation. Drilling is expected to commence in late June, and the results may guide larger-scale exploration activities later this year.

In addition to gold, Brice outlined the company's broader strategic plans in the Mt Turner project area, including ongoing evaluation of copper porphyry targets. Recent field work at the Warby project has identified historical tungsten mining sites, adding new potential exploration opportunities to the portfolio.

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