Yes, good raise here, especially when their are lithium assays pending, and more drilling underway. Companies can't raise with shabby results on the way.
If you read the announcements leading up to this drill program, including the historical data that lead to it, you can see why their language was very confident about the program, and now with 800m completed, I believe their expectations have been forfilled, and hence the abiity to raise.
Ann: $3.1M of Commitments to Fund Exploration of Aruma Projects, page-7
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