http://www.*.com.au/companies/news/175880
From the article
"Analysis
Attracting a company with the profile of St Barbara highlights the value of Peels portfolio of projects.
Significantly, the placement was conducted at a premium to the previous trading price.
Peel will be able to draw on St Barbara’s extensive experience in deep, underground gold mining at Gwalia.
This technical expertise is highly applicable to Cobar-style deposits, which typically show strong vertical continuity.
Peel is entering a busy period of exploration which secures upcoming exploration based news flow for shareholders.
Drilling at Wagga Tank is scheduled to recommence in April. Elsewhere, drilling is continuing at the JOGMEC-funded Wirlong copper discovery, while drilling recommenced last week at the T1 prospect at Mallee Bull targeting very high-grade zinc-lead-silver mineralisation for metallurgical test-work purposes.
Shares are up 26% after being released from their trading halt today.
During March 2017, a drill intersection at Wagga Tank was recognised by RSC Mining and Mineral Exploration as one of its 10 significant global drill results of the month."
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