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PolarX prepares for immediate drilling at Zackly after raising $2.5 mln

PolarX Limited (ASX:PXX) CEO Frazer Tabeart tells Proactive Investors the company has received commitments to raise about AUD $2.5 million from existing major shareholders and new investors via the issue of shares at AUD $0.10 each.

The funds will be used for exploration and development activities at the Alaska Range Project in Alaska, US, including resource extension drilling at the Zackly deposit.

Quick facts: PolarX Ltd

Price: 0.028 AUD

ASX:PXX
Market: ASX
Market Cap: $11.65 m
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PolarX hails exploration results at flagship Alaska project

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart sat down with Proactive's Andrew Scott while at Mines & Money London 2019. This year marked progress for PolarX, following the announcement of a partnership with Lundin Mining Corporation (TSE:LUN) for its flagship Mars prospect in...

on 28/11/19

2 min read