Carbine Resources Limited advised that it has now completed the 100% acquisition of the Muchea West Silica Sand Project following its transaction with Australian United Silica Corporation Pty Ltd. (Ausco) to acquire 100% of the issued capital in Ausco as announced on 1 April 2021. In connection with the Transaction, the Company has successfully raised $3 million (before costs) at an issue price of $0.03 per share pursuant to a public offer under a prospectus and is now fully funded to for a proposed two year exploration program at the Muchea West Project. Current cash at bank is now approximately $5.2 million. The Muchea West Project is located approximately 40km north-northeast of Perth and approximately 500m to the west of Muchea. Direct access from the tenure is via the Brand Highway thence via farm tracks and fence lines. Both the Brand Highway and the Moora-Kwinana Railway provide a direct connection with the Kwinana Bulk Terminal. The Muchea West Project is located directly adjacent to VRX Silica Ltd.'s Muchea Project.