STTCOMP MOD, FA LONG MOD RESOURCES LTD Share price: $0.045 MC:...

STTCOMP MOD, FA LONG
MOD RESOURCES LTD
Share price: $0.045
MC: 97M
SOI: 2.15B
Cash: $10M @ 31/12/17

Just raised $18M to further exploration

MOD’s flagship project is the 70%-owned* T3 copper project in Botswana, which was discovered in March 2016. The 28Mt maiden resource at T3 came within six months of the discovery hole and a scoping study was released shortly afterwards. MOD has completed a PFS for a robust, long life open pit mine at T3 (announced 31/1/18)

Board & Management own 16%

• World average grade 2016 0.62% Cu*
• MOD is filling a void in the market-place for quality copper development projects
• Declines particularly acute in Chile (produced ~38% of world’s mined copper)

MOD raises $18 Million to Turbo Charge Growth
• MOD has received firm commitments to raise $12 million in an oversubscribed share placement to institutions and sophisticated investors (before costs)
• The Placement will be followed by a fully underwritten rights issue to raise $6.3 million to existing shareholders on the same terms

News regarding the CR
http://www.*.com.au/companies/news/...ln-for-copper-project-in-botswana-192641.html

News regarding MOD being extremely undervalued

http://www.*.com.au/companies/news/...ts-based-on-pre-feasibility-study-194192.html