Following the release of the 2012 JORC Code compliant resource for Hargraves (29 May 2020) PUA is going through the geological and structural models to determine the most effective steps to maximise its value. PUA is also assessing other acquisitions that will create value for shareholders.

PUA is in process of a capital raising totalling approximately $2.0 million which will comprise of Placement (in two tranches for a total of $0.6 million), followed by a fully underwritten, non-renounceable entitlement issue (to raise approximately a further $1.4 million).

For full details, please see the "Placement and Entitlement Issue" and "Rights Issue Prospectus" as announced with ASX on 29 May 2020.