NickelSearch Limited (ASX: NIS) is proud to announce the successful completion of two significant acquisitions that have further strengthened its position in the mining industry.
### Key Acquisitions:
1. **Capella Metals Limited (Capella) Acquisition:** NickelSearch has acquired all issued capital in Capella Metals Limited, including exploration permits covering the Capella Tenements in Queensland, Australia.
2. **Bacchus Resources Pty Ltd (Bacchus) Acquisition:** The Company exercised an option with Bacchus Resources Pty Ltd and acquired exploration permits covering the Bacchus Tenements, expanding its portfolio.
### Highlights:
– **Project Expansion:** The Mt Isa North Copper and Uranium Project, with extensive exploration permits covering 2,003km2 in the Mt Isa region, has been acquired.
– **Funding Success:** A pro rata non-renounceable entitlements offer raised $2.1 million to support exploration activities.
– **Board Expansion:** Bruno Seneque and Richard Maddocks have joined the Board as Non-Executive Directors.
– **Exploration Plans:** A 1,500m RC drilling campaign is planned at the high-grade Surprise Cu-Au-Ag prospect.
### Project Overview:
The Mt Isa North Project encompasses copper, uranium, and zinc-lead-silver deposits, positioned in the highly prospective Mt Isa region with excellent infrastructure and logistical support.
### Entitlement Offer:
An entitlement offer raised $2,135,424, providing essential financial support for the Company’s growth and exploration activities.
### Capella Acquisition:
The acquisition of Capella Metals Limited has strengthened NickelSearch’s position in the region, with key shareholders onboard and new directors appointed to the Board.
For further information on these acquisitions and the Company’s future plans, refer to the full ASX Release [here](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02871151-6A1233145).
*Disclaimer: This article contains content from NickelSearch Limited and is intended for informational purposes only. Readers are advised to conduct proper due diligence before making any investment decisions.*
