en.Wedoany.com Reported - Anax Metals (ASX:ANX) has successfully raised A$6 million through a placement, with all proceeds to be used for drilling at the Whim Creek copper project. The company issued 176.47 million shares at A$0.034 per share to new and existing institutional, professional, and sophisticated investors.

Anax plans to use the funds to conduct a high-impact drilling campaign targeting near-mine and extension opportunities at Whim Creek. Diamond drilling is expected to commence in July 2026, with initial exploration focusing on untested extensions of the Mons Cupri and Whim Creek deposits.

Anax Metals is an Australian exploration company committed to becoming a near-term copper-zinc producer through its 80%-owned Whim Creek project in Western Australia.

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