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Segue Resources cashes up to drill gold and lithium projects

Demand for the placement exceeding the company’s placement capacities.
Segue set to increase exploration news flow

Segue Resources Ltd (ASX:SEG) has raised circa $1 million from a placement at $0.03, with the new funds to accelerate drilling programs at its gold and lithium projects in Western Australia.

There is also an additional $340,00 raised from the balance of unmarketable share sale facility, with Segue accepting an offer to purchase the shares at $0.034.

Funding key projects

Segue recently hit multiple pegmatites at its Gascoyne Lithium Project, with assays expected to start flowing through in two weeks.

The drilling to date has confirmed that the Reid Well Prospect consists of a pegmatite swarm with multiple steeply dipping pegmatites.

READ NOW: Segue hits multiple pegmatites at Gascoyne Lithium Project

Segue's Barlee Gold Project is located in the Eastern Goldfields and covers +120 strike kilometres of the Evanston, South Elvire and Yerilgee Greenstone Belts.

WATCH NOW: Segue ready to drill at Barlee Gold Project

The company is now funded to advance exploration at these projects, providing strong news flow over coming months.

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