• Strategic placement raises $2.35 million to fund accelerated drilling at Radio Gold Mine and Butchers Creek
• Funds will enable fast-tracking of development plans and resource growth
• Strong near-term news flow expected as results support pathway to production

WIN Metals Limited (ASX: WIN) has received firm commitments to raise A$2.35 million (before costs) via a share placement at an issue price of A$0.02 per share, together with 1 free attaching unlisted option for every 2 shares issued under the placement. The placement was heavily oversubscribed, receiving strong support from existing and new sophisticated and professional investors. The placement proceeds will primarily be used to fund drilling at the Radio Mine Gold Project and drilling and evaluation work at the Butchers Creek Gold Project. Drilling at Radio is expected to commence within weeks, following the completion of the Radio Mine Gold Project acquisition as previously announced by the Company. The accelerated drilling programs at both projects are aimed at driving resource growth and advancing development plans. WIN is expecting strong near-term news flow as the results from these activities are expected to support a fast-tracked pathway to production and allow the company to capitalize on historically high gold prices.

The company has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance in the announcement.

The company has stated that it is expecting strong near-term news flow as the results from the accelerated drilling programs at the Radio Gold Mine and Butchers Creek Gold Project are expected to support a fast-tracked pathway to production and allow the company to capitalize on historically high gold prices.