One free attaching option exercisable at 0.5 cents expiring 31 August 2021 will be issued for every 2 shares received under the offer.
Notably, the offer is underwritten to the value of $600,000 by Mahe Capital Pty Ltd.
The funds will allow the company to follow-up high-grade gold results in late 2019 from the Yandal West Project in Western Australia.
Results featured 2 metres at 7.75 g/t gold from 20 metres at the Harris Find prospect and 2 metres at 3.89 g/t gold from 3 metres at the May Queen East prospect.
At the Yerrida Project also in WA, funds will go towards an airborne EM survey targeting VMS mineralisation as well as plans to drill test identified gold, vanadium and copper targets.