It’s going to be a short week with several states off for the Anzac Day weekend but resource companies continue to draw investor attention with several raising or announcing capital raisings yesterday.

Ausgold (ASX:AUC) has raised $11.25m through a placement of shares to institutional and sophisticated shareholders that highlights support for its Katanning gold project in Western Australia.

The placement of shares priced was priced at 4.5c, which represents a 11.8 per cent discount to their 15-day volume weighted average price (VWAP) and was cornerstoned by Dundee Goodman Merchant Partners, who will increase their stake in the company from 7.1 per cent to 9.9 per cent.

Proceeds from the placement will be used continue an extensive exploration and resource expansion drill program along with additional feasibility studies at Katanning.

The company recently upgraded resources at the project by 28 per cent to 38.18 million tonnes grading 1.25 grams per tonne (g/t), or 1,539,700 ounces of contained gold.

Notably, 1Moz of this resource is in the higher confidence indicated and measured categories.

Ausgold also noted that its new geological model highlights clear extensions of gold mineralisation which remain open at depth that present meaningful potential to expand the underground resource, as there has been limited drilling below a depth of 250m.

Meanwhile, Kogi Iron (ASX:KFE) is raising up to $10.3m to fund the feasibility program and other works associated with its Agbaja Cast Steel project in Nigeria.

The capital raising consists of an institutional placement of shares priced at 1.8c each – a 17.4 per cent discount to the 5-day VWAP – to US-based Diversified Metals Holdings to raise up to $6.5m and a non-renounceable rights issue for a further $3.8m.

Feasibility work is underway with test work consisting of bulk beneficiation, pre-reduction and refining tests as well as tendering and award of revised feasibility scope.

Subject to successful results, Kogi will then progress to detailed engineering studies including build-up of the capital and operating cost estimates for the project.

Agbaja has an indicated and inferred resource of 586 million tonnes with an in-situ iron grade of 41.3%.

Greenvale Mining (ASX:GRV) has also accepted an unconditional offer for the placement of 15 million shares priced at 20c to raise $3m to help fund expanded exploration activities at the Alpha project and the Georgina IOCG project.

The placement is priced at a 1.2 per cent premium to the company’s 15-day VWAP.

Proceeds will be used to complete the current drilling and bulk testing programs at the Alpha project to underpin a maiden resource and expanded drilling programs to test recently identified extensions of the Torbanite seams.

It will also fast-track the commencement of a maiden drill program at the Georgina Basin IOCG project in the emerging East Tennant Region of the Northern Territory.