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PolarX gains new substantial shareholder in Golden Hill Investments

PolarX is focused on its Alaska Range Project in Alaska prospective for copper, gold and silver.

PolarX Ltd - PolarX gains new substantial shareholder in Golden Hill Investments
PolarX recently revealed it is seeking a new farm-in partner for the Stellar Project

PolarX Ltd (ASX:PXX) has gained a new substantial shareholder in Golden Hill Investments.

The new holder has 21 million shares for a 5.04% interest in the company.

PolarX owns 100% of the Alaska Range Project, which is split into the Caribou Dome Project, the Stellar Project, and the Zackly Claims.

Golden Hill joins PolarX’s largest shareholder Lundin Mining which has an estimated 12.8% stake in the company.

Other notable institutional investors on the company’s register include JP Morgan, US Global, Ruffer Gold Fund and Lowell Resources Fund

Quick facts: PolarX Ltd

Price: 0.043 AUD

ASX:PXX
Market: ASX
Market Cap: $22.15 m
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PolarX Ltd's Frazer Tabeart outlines drilling plans for its Zackly East...

PolarX Ltd's (ASX:PXX) managing director Frazer Tabeart caught up with Proactive's Andrew Scott to discuss its plans for drilling at the Zackly East Prospect in Alaska. Zackly East is just 800 metres from existing Zackly Main Resource of 41,000 tonnes of copper, 213,000 ounces of gold and 1.5...

on 28/5/20

2 min read