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PolarX Ltd

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: $0.09

Market: ASX
Market Cap: $37.46 m
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PolarX to survey large copper-gold porphyry system confirmed in 3D modelling

PolarX Ltd (ASX:PXX) managing director Frazer Tabeart updates Proactive Investors on the explorer’s recent 3D modelling results which confirm a large copper-gold porphyry target at its Alaska Range Project. When combined with other key geological features established in earlier...

on 2/4/19

2 min read