EXPLORATION HIGHLIGHTS
Exploration commences at Top Up Rise (TUR)
Gravity survey completed expands size and amplitude of TUR anomaly
- Multiple drill targets confirmed
- Gravity range variation of up to 18 mGals
- Large peak residual gravity anomaly of 8 mGals
- Target expanded to 10 km by 6 km in area (at plus 4 mGals residual)
Commencement of fully funded drilling programme on schedule for May 2013
CORPORATE HIGHLIGHTS
Shareholder approval granted to secure the option to earn up to 75% of Border Exploration Pty Ltd, 100% owner of the Top Up Rise Project
$3M raising completed to fund exploration activities via:
- Placement of 68.2 million shares at an issue price of 2.2 cents per share to raise $1.5M
- Share Purchase Plan for $600,000 and shortfall placement for $900,000 at an issue price of 2.2 cents per share to raise in total $1.5M
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