Golden Deeps Limited (ASX:GED) Placement Funding Announcement

Golden Deeps Limited (ASX:GED) has successfully completed a placement to raise $1.78 million through the issue of 30,250,000 fully paid ordinary shares at $0.059 per share. The funds will be utilized for further drill-testing of key targets at the Company's Havilah Project in the Lachlan Fold Belt Cu-Au Province of NSW, where the Company has announced the intersection of thick copper and zinc sulphide mineralisation.

Executive Commentary on Placement Funding

We are very pleased to have received such strong support from investors for this $1.78 million Placement. This new funding will allow us to carry out further drilling of key copper-zinc sulphide and gold targets on our Havilah Project, where we have intersected thick zones of copper and zinc sulphide mineralisation in HVD003, which indicates we're on top of a large porphyry-sulphide system with similar characteristics to other major discoveries in the Lachlan Fold Belt. We also plan further drill-testing to extend copper-silver sulphide zones intersected at the Nosib and Khusib Springs in Namibia, as well as testing other copper and gold targets in the Lachlan Fold Belt on the new JV area.

Summary of Golden Deeps Limited Announcement

Golden Deeps Limited (ASX:GED) has successfully completed a placement to raise $1.78 million for further drill-testing of key targets at the Havilah Project in the Lachlan Fold Belt Cu-Au Province of NSW. The funds will also be used to extend copper-silver sulphide zones intersected at the Nosib and Khusib Springs in Namibia, as well as testing other copper and gold targets in the Lachlan Fold Belt on the new JV area. The Company aims to explore and develop the potential porphyry-sulphide system at the Havilah Project and continue its exploration activities in the region.