{"id":2972,"date":"2023-12-10T21:55:40","date_gmt":"2023-12-10T21:55:40","guid":{"rendered":"https:\/\/economicherald.net\/?p=2972"},"modified":"2023-12-10T21:55:40","modified_gmt":"2023-12-10T21:55:40","slug":"juno-raises-full-3-6m-starts-drilling-in-lithium-corridor-of-power","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2972","title":{"rendered":"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019"},"content":{"rendered":"

Successful issue of shortfall shares to raise full $3.6m
\nDrilling kicks off at the Mount Ida lithium prospect
\nJuno well-funded to expand exploration at Mount Ida lithium prospect and advance Mount Mason DSO hematite project <\/p>\n

\u00a0<\/p>\n

Special Report: <\/em>Juno Minerals has boosted its bank balance by a further $1.6m after successfully placing the remaining shares in its non-renounceable entitlement offer, with drilling now underway at the highly prospective Mount Ida lithium prospect in Western Australia.<\/strong><\/p>\n

Bucking the downward pull of the current market and indicating the strong interest from investors in the lithium potential at Mount Ida, Juno Minerals (ASX:JNO)<\/a> has completed the issue of the shortfall shares well before the January 31, 2024 deadline, adding a further $1.6m to the coffers.<\/p>\n

The company initially raised around $2m and with the completion of the issue of all the shortfall shares has now reached its target of $3.6m<\/a>.<\/p>\n

Juno isn\u2019t waiting until the new year to find out what it could be sitting on in the extremely hot lithium \u201ccorridor of power\u201d \u2013 the same neighbourhood as the likes of Gina Rinehart, Chris Ellison\u2019s Mineral Resources (ASX:MIN)<\/a> and Delta Lithium (ASX:DLI)<\/a> \u2013 and has started drilling ahead of the Christmas break.<\/p>\n\n

Funds from the entitlement offer will provide Juno with the financial muscle to expand its exploration activities at Mount Ida while also advancing its 5.9-million-tonne Mount Mason DSO hematite project only about 12km northwest of Mount Ida.<\/p>\n

A previous independent review of soil sampling results<\/a> from the Mount Ida lithium prospect confirmed two significant anomalies and multiple areas of interest as targets for planned drilling<\/a>.<\/p>\n

\u00a0<\/p>\n

M&A frenzy<\/strong>\u00a0<\/strong><\/h2>\n

Regionally, the Mount Ida fault in the prolific Yilgarn region has become a seriously hot drawcard for its rare metal pegmatites.<\/p>\n

Ellison and Rinehart are two major players in the region after taking large stakes in the likes of Delta Lithium and Liontown Resources (ASX:LTR)<\/a>.<\/p>\n

Rinehart recently went up against the world\u2019s largest producer, Albermarle, to topple its $4.3 billion bid for Liontown.<\/p>\n

Delta\u2019s Mt Ida lithium project is located 19km north of Juno\u2019s Mount Ida lithium prospect, which also sits close to the Mt Bevan project owned by Legacy Iron Ore (ASX:LCY)<\/a> and Hawthorn Resources (ASX:HAW)<\/a> that Rinehart\u2019s Hancock Prospecting is also a partner in \u2013initially for the magnetite, but more recently for the lithium potential that has emerged.<\/p>\n\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Juno Minerals, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Successful issue of shortfall shares to raise full $3.6m Drilling kicks off at the Mount Ida lithium prospect Juno well-funded to expand exploration at Mount [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2973,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nJuno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019 - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=2972\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019 - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Successful issue of shortfall shares to raise full $3.6m Drilling kicks off at the Mount Ida lithium prospect Juno well-funded to expand exploration at Mount [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=2972\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-10T21:55:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-175454102-aeg89C-1024x683.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019\",\"datePublished\":\"2023-12-10T21:55:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972\"},\"wordCount\":459,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-175454102-aeg89C.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2972#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=2972\",\"name\":\"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019 - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-175454102-aeg89C.jpeg\",\"datePublished\":\"2023-12-10T21:55:40+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2972\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-175454102-aeg89C.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/GettyImages-175454102-aeg89C.jpeg\",\"width\":2121,\"height\":1414},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2972#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019 - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=2972","og_locale":"en_US","og_type":"article","og_title":"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019 - Economic Herald","og_description":"Successful issue of shortfall shares to raise full $3.6m Drilling kicks off at the Mount Ida lithium prospect Juno well-funded to expand exploration at Mount [more...]","og_url":"https:\/\/economicherald.net\/?p=2972","og_site_name":"Economic Herald","article_published_time":"2023-12-10T21:55:40+00:00","og_image":[{"width":1024,"height":683,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-175454102-aeg89C-1024x683.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=2972#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=2972"},"author":{"name":"","@id":""},"headline":"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019","datePublished":"2023-12-10T21:55:40+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=2972"},"wordCount":459,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=2972#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-175454102-aeg89C.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=2972#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=2972","url":"https:\/\/economicherald.net\/?p=2972","name":"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019 - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=2972#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=2972#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-175454102-aeg89C.jpeg","datePublished":"2023-12-10T21:55:40+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=2972#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=2972"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=2972#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-175454102-aeg89C.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/12\/GettyImages-175454102-aeg89C.jpeg","width":2121,"height":1414},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=2972#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"Juno raises full $3.6m, starts drilling in lithium \u2018corridor of power\u2019"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2972"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/2973"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}