They will aim to relist by raising for Barraba - that is the easiest way, much more so than raising for a new project...AFAIK raising for a new project is a much easier process if you're already listed. Before they raise for Barraba, they need to undertake some exploration on the tenement to prove to the ASX that it's a project worthy of relisting over. And before someone asks how they will pay for it, probably convertible loans.
CRL Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held