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ATHENA RESOURCES LIMITED Capital/Financing Update 2021

Nov 1, 2021

64341_rns_2021-11-01_d357e3f5-5df7-46b0-97df-a76c6cfdc4ec.pdf

Capital/Financing Update

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1 November 2021

The Company Announcements Office Australian Stock Exchange Limited 4 Floor, 20 Bridge Street SYDNEY, NSW 2000

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ACN 113 758 900

Updated statement of commitments

Following the completion of the fully underwritten rights issue described in our Prospectus dated 14 July 2021 and Supplementary Prospectus dated 30 July 2021 the table below outlines the use of proceeds of $2,888,270.

Proposed use of funds $
Underwriting fee (6%)OverheadsExploration to be conducted in the near termExploration to be conducted in the mid-term – base metalsExploration to be conducted in the mid-term – industrial magnetiteTotal 173,296442,763626,000662,000984,211
2,888,270

This announcement was authorised by the Board.

Yours faithfully

E W Edwards Executive Director

Athena Resources Limited

Level 2 І 46-50 Kings Park Road І West Perth І Western Australia І 6005 PO Box 1970 І West Perth І Western Australia І 6872 Ph +61 (0)8 9307 7902 E [email protected] W athenaresources.com.au

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