Raising $5m to $ 6m at 20c per share plus 1 for 2 options (exercise price of 30c). By my calculations, total market cap of $11.2m to $12.2m (excl. options being exercised).
2 projects including 16 exploration licences, 5 prospecting licences, 1 mining lease application. One project north of Meekatharra, one east of Mt Magnet.
