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05 Dec

LCL raises funds to advance PNG nickel project

Australian miner LCL Resources says it secured firm commitments to raise AUD 3 million ($1.98m) through a placement to professional and sophisticated investors to advance its Papua New Guinea (PNG) nickel project. According to a company statement, with the placement proceeds, the next phase of LCL’s fieldwork will include further mapping and trenching at the Iyewe and Veri Veri prospects; re-interpretation of historical geophysics data; and potential tight-s…
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