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Additional Information

Market:	ASX
Sector:	General Mining
EPIC:	PRW
Latest Price:	0.02 (-8.00% )
52-week High:	0.07
52-week Low:	0.02
Market Cap:	10.46M

1 year chart

1 day chart

Proto Resources & Investments

Proto Resources & Investments (ASX: PRW) flagship is the Barnes Hill nickel-cobalt-iron project located in northern Tasmania, which is steadily advancing towards production. Subject to a successful feasibility outcome, Barnes Hill is slated to commence mining in early 2013 with a potential 26 year mine life at 250,000t per annum.

Proto Resources & Investments receives strong investor demand in rights issue

Friday, July 03, 2009

Proto Resources & Investments (ASX: PRW) has closed its one share for three at 3 cents entitlement issue.

A total of 82% of shareholders took up their Entitlement. An endeavour will be made to place the shortfall of 5,586,743 shares.

Following the strong results received from the nickel sulphide drilling program at Lindeman’s Bore, Proto will follow-up with drilling of the Mt Vetters project in July.

Targeting potential nickel sulphide mineralisation to the south of the Black Swan/Silver Swan nickel mineralisations, the project is also considered prospective for gold mineralisation.

Proto will drill approximately three Reverse Circulation holes at Mt Vetters to a depth of 300m, following up geophysical work completed earlier this year.

An update on the Lindeman’s Bore project will be provided as further work is done on the core prior to assays. A final drilling report will be submitted after compilation.

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