Ann: Quarterly Activities and Cashflow Reports - September 2018, page-23

"Latest fact being that they are fast running out of money to fund their plans."

Given it is an exploration company with no income as are most resource companies in the ASX , it will just do what they all do , which is do a placement as it has in the past ,.
From memory placements have been fully subscribed by the biggest shareholders who have deep pockets and want the share price to be stable - which is ^unlike many exploration companies that do not have such loyalty or bigger shareholders on the register , so and are probably a good short due to the placements done at significant discounts .