Aldoro Resources to expand drilling program at Narndee Nickel-Copper Project
2021-08-09 11:48:31 [Print]
Australia-based Aldoro Resources Ltd. has committed to expanding its 10,000-metre drilling program at the Narndee nickel-copper-platinum group elements (PGE) project in Western Australia.
To cover the program, the company's board has agreed to a placement of 6 million shares priced at 40 cents to raise $2.4 million to comfortably expand the current drilling program beyond 10,000 metres.
In order to facilitate the expanded drilling, Aldoro is moving a second diamond drilling rig to Narndee, which is expected to arrive on-site in September.
To cover the program, the company's board has agreed to a placement of 6 million shares priced at 40 cents to raise $2.4 million to comfortably expand the current drilling program beyond 10,000 metres.
In order to facilitate the expanded drilling, Aldoro is moving a second diamond drilling rig to Narndee, which is expected to arrive on-site in September.
Nickel Ore Philippine 0.8%min CIF China
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China refined nickel producers' sales to production ratio statistics by province by month
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