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Apollo Minerals has new substantial shareholder in Bennelong Resource Capital

The company is developing the Couflens Tungsten Gold Project in France and the Aurenere Gold Tungsten Project in Spain.

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The new major shareholder has acquired 10.55 million shares

Apollo Minerals Ltd (ASX:AON) has gained a new substantial shareholder in Bennelong Resource Capital Pty Ltd with a 6.2% interest.

The company paid $1.58 million cash for its 10.55 million shares representing a purchase price of 15 cents each.

READ: Apollo Minerals continues to make progress with the revitalisation of the Couflens tungsten-gold project

Apollo continues to progress restart work at the Salau Tungsten Mine within its Couflens project in southern France.

The company’s Hugo Schumann presented to investors at the Proactive Mining Capital Conference in London last month.

Quick facts: Apollo Minerals

Price: 0.038 AUD

ASX:AON
Market: ASX
Market Cap: $10.23 m
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Apollo Minerals advancing work on the world's highest grade tungsten mine

Capital Network's Scott Finlay offers up his views on Apollo Minerals projects across France and Spain.

on 05/17/2018

2 min read