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Fe Limited undertakes capital raising to fund rapid exploration of new lithium tenements in WA

Fe Limited (ASX:FEL) chairman Tony Sage updates Proactive Investors on the company's recent lithium acquisitions in Western Australia, potentially giving FEL the biggest landholding of lithium tenements in the country. 
 
Sage says an extensive mapping program focusing on areas where previous exploration has identified occurrences of spodumene will be conducted, before starting an extension drilling program.
 
Last week FEL opened a share placement and has already raised enough to start immediate work on its new projects.
 
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